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...
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