Sony Nixes Insurance Claim Over PlayStation Data Breach

Law360, New York (December 16, 2013, 2:34 PM EST) -- Sony Corp. of America has agreed to drop an insurance claim over litigation stemming from the massive cyberattack on its PlayStation Network under a $25 million excess policy with Great American Insurance Co. of New York, according to a court document filed Monday in New York.

Sony and Great American filed the stipulation in a case that Zurich American Insurance Co. brought in July 2011 to fight coverage for about 60 lawsuits resulting from hackers' theft of personal information belonging to millions of PSN users....
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