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10 Sep 2:49 am
... &O and E&O insurers. Greenwich Ins. Co. v. Media Breakaway, LLC, No. 08-cv-00937 (C.D. Cal. July 22, ... improperly gained from that activity. The Court also concluded that the D&O policy required Media Breakaway to repay defense costs once it was determined that there is no coverage. The Court also ... O insurer reserved its right to recover such defense costs. The Court ruled, therefore, that Media Breakaway was required to reimburse the D&O insurer for those costs. The Court similarly ...
InsureReinsure.Com: The Insurance & Reinsurance Blog - http://www.insurereinsure.com/
27 Jul 8:42 am by Goldberg Segalla LLP
Greenwich Ins. Co. v. Media Breakaway, LLC (C.D. Cal. July 22, 2009) Defendants online marketing company and corporate officer were sued by MySpace Inc. for sending spam mail through MySpace users' accounts without their knowledge through 'phishing'. Defendants held a directors' and liability insurance policy and an errors omissions insurance policy. Each policy excluded coverage for intentionally dishonest conduct, and claims made as a result of profit gained by the ...
The Insurance and Reinsurance Report - http://insurancecoverage.typepad.com/insurance_and_reinsurance/
         
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