AIG Unit Must Cover AlixPartners' $19M Costs, Judge Says

Law360, Los Angeles (March 9, 2017, 4:12 PM EST) -- A Michigan state judge has ruled that an AIG unit cannot recover $19 million in defense and settlement costs it paid on consulting firm AlixPartners LLP's behalf in connection with a private equity firm's arbitration claim regarding the acquisition of a model railway maker, finding that AlixPartners properly reported the claim to the insurer.

In a March 3 decision, Judge Wendy Potts granted AlixPartners' motion for summary disposition on AIG unit Illinois National Insurance Co.'s suit, determining that the consulting firm notified the insurer of the underlying claim lodged by Kingsbridge Capital Management GP Ltd. within the relevant policy period. ...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!