Insurer Off Hook For Intel Antitrust Defense

Law360, Wilmington (September 10, 2012, 8:29 PM EDT) -- The Delaware Supreme Court on Friday affirmed that American Guarantee & Liability Insurance Co. doesn't need to chip in for Intel Corp.'s defense costs in antitrust litigation brought by rival Advanced Micro Devices Inc. and consumers.

In 2011, the Delaware Supreme Court found that AGLI had no duty to pay for Intel's defense under an excess insurance policy because the microchip giant had not exhausted the underlying $50 million policy from XL Insurance America. On appeal to the state's highest court, Intel argued that its own...
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