Best Buy, DDR Settle Insurance Dispute Over Mall Leases

Law360, New York (December 13, 2012, 2:38 PM EST) -- Best Buy Stores LP and Developers Diversified Realty Corp. have reached an agreement to end their long-running fight in Minnesota federal court over insurance costs tacked onto rent agreements for mall properties DDR managed and Best Buy leased, a Wednesday order said.

Judge David S. Doty dismissed the 7-year-old case with prejudice, according to the order. The electronics retailer had alleged DDR violated its lease agreements by passing on the costs of additional commercial liability insurance premiums through a certain renter program offered to Best Buy,...
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