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Genesis Insurance Company v. Magma Design Automation, Inc.
Case Number:
5:06-cv-05526
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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July 08, 2015
Insurer Can Recover $5M Payment In Magma Investor Deal
A California federal judge ruled Wednesday that Genesis Insurance Co. can recover from an American International Group Inc. affiliate a $5 million payment it made toward software company Magma Design Automation Inc.'s settlement of underlying securities litigation over alleged patent infringement.
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August 19, 2014
Insurer Fights Payment Reallocation On Magma Investor Deal
National Union Fire Insurance Co. asked a California federal court Monday to bar Executive Risk Indemnity Inc.'s reallocation from a 2003-2004 to a 2004-2006 policy, an insurance payment triggered by underlying securities litigation over a software company's alleged patent infringement, arguing ERII accepted responsibility under the earlier term.
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March 02, 2011
Genesis Claws Back $6.3M For Investor Action Defense
A California federal judge Wednesday handed down a $6.3 million judgment for Genesis Insurance Co. in its suit seeking payback for $5 million paid on behalf of software maker Magma Design Automation Inc. to settle a securities class action.