Tyco Can't Ditch Suit Over $60M Eli Lilly Warehouse Heist

Law360, New York (March 4, 2014, 7:36 PM EST) -- A Florida federal judge on Tuesday refused to dismiss a suit that Eli Lilly and Co.'s insurer brought against Tyco Integrated Security LLC for failing to prevent a $60M theft in the pharmaceutical giant’s Connecticut warehouse, saying it raises claims concerning Tyco’s failure to protect confidential information.

Tyco, formerly known as ADT Security Services Inc., argued that Eli Lilly had waived the right of its insurance company to seek reimbursement for losses from a third party in its security services contract with the company, but the...
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