July 08, 2015
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.
August 19, 2014
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.
March 02, 2011
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.