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Vicor Prevails Against Insurers' Bid For New Trial

Law360 (March 3, 2009, 12:00 AM EST) -- A federal judge Monday denied insurers a new trial in a coverage dispute with Vicor Corp., but slashed $4 million from $17 million awarded to the manufacturer in connection with settlements over faulty power converters.

Judge William G. Young of the U.S. District Court for the District of Massachusetts held that the insurance companies — Vigilant Insurance Co., Federal Insurance Co. and Continental Casualty Co. — could not sidestep the $17.3 million awarded to Vicor in November for “loss of use” damages.

While the court denied...
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