Seagate Scores Prejudgment Interest In $20M Coverage Feud

Law360, New York (June 24, 2013, 5:53 PM EDT) -- A California federal judge Friday ruled that National Union Fire Insurance Co. of Pittsburgh, Pa., must pay prejudgment interest and coverage costs to hard-drive maker Seagate Technology Inc., which is seeking $20 million for its costs in $1 billion patent litigation.

Convolve Inc. and the Massachusetts Institute of Technology alleged in 2000 that Seagate had stole trade secrets and infringed three patents related to disk-drive functions. Seagate has since alleged that National Union improperly denied it coverage in the matter. U.S. District Judge William Alsup agreed...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.