Millennium Labs Drops Claims Over Kickback Suit Coverage

Law360, New York (May 23, 2013, 6:39 PM EDT) -- A California federal judge Tuesday approved a joint dismissal of Millennium Laboratories Inc.'s claims that two insurers wrongfully refused to pay for the company's defense in separate disputes with competitors that allegedly used kickbacks and confidential information to steal Millennium's customers.

U.S. District Judge Larry Alan Burns dismissed drug testing company Millennium's suit against Darwin Select Insurance Co. and Allied World Assurance Co. (U.S.) Inc., approving a joint motion for dismissal filed May 8 by the parties. The suit alleged the insurers had failed to reimburse...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.