Chubb Tells 5th Circ. Diet Aid Coverage Suit Is Time-Barred

Law360, New York (July 2, 2012, 8:36 PM EDT) -- Chubb Custom Insurance Co. told the Fifth Circuit on Friday that it should have been granted summary judgment in a suit over $20 million in coverage in a settled class action against CSA Nutraceuticals GP LLC claiming its diet aid didn't work, saying CSA waited until a statute of limitations had expired to file its claims.

Though the Texas federal court found for Chubb on the merits of the case, it erred when it denied the insurer's motion for summary judgment, Chubb said in a cross...
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