XL Can't Escape Sirius XM's Coverage Suit, Judge Says

Law360, New York (November 8, 2013, 5:36 PM EST) -- Sirius XM Radio Inc. didn't wait too long to ask its XL Group PLC insurer for help paying its defense costs in antitrust and derivative class action lawsuits over its 2008 merger, a New York state judge ruled Friday, saying the insurer had its head in the sand about key policy language.

While XL unit XL Specialty Insurance Co. had argued that Sirius XM hadn't followed a requirement in the directors and officers insurance policy that it notify the insurer of later lawsuits over the merger...
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