7th Circ. Nixes Insurer's $2.8M Loss For Declining TM Defense

By Melissa Angell (April 26, 2021, 10:17 PM EDT) -- The Seventh Circuit on Monday reversed a lower court's ruling doling out $2.8 million to a marker company after a judge determined that its insurer acted vexatiously in declining to cover its defense in a trademark dispute, with the panel finding that the marker company can't pursue damages beyond its insurance contract....

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