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AIG Unit Doesn't Owe $5M For Investor Deal, 9th Circ. Told

Law360, San Francisco (June 16, 2017, 10:10 PM EDT) -- An AIG affiliate told the Ninth Circuit on Friday that a lower court wrongly ordered it to cover $5 million of a settlement over a software company’s alleged stock inflation amid a patent infringement suit, saying it wasn’t on the hook as a secondary insurer because the primary insurer knew of the litigation risks before it signed on.

Michael Johnson of Lewis Brisbois Bisgaard & Smith LLP, who represents AIG unit National Union Fire Insurance Co., told the panel that U.S. District Judge Edward J. Davila...
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