Insurers Must Defend Joint Venture Brawl, Md. Court Holds

Law360, New York (March 12, 2014, 7:18 PM EDT) -- A Maryland appeals court recently ordered two insurers to cover a lighting manufacturer's defense costs in a lawsuit accusing it of cheating a joint venture partner out of profits, holding that the underlying suit alleged advertising injuries.

The appeals court overturned Maryland Casualty Co. and Northern Insurance Co. of New York's victory before the lower court, holding the insurers must defend Blackstone International Ltd. against RMG Direct Inc.'s lawsuit because RMG accused Blackstone of using its ideas in advertisements.

The commercial general liability policy at issue...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.