The Montana Supreme Court held Tuesday that Keller Reynolds Drake Johnson & Gillespie PC can't use professional liability insurance coverage for its defense against its clients' legal malpractice suit, saying one of the firm's members knew before the policy's inception about a $2.2 million default and sanctions which served as the basis for the clients' claim.
A Minnesota federal judge freed two Chubb Ltd. units from paying for Target Corp.'s losses from $138 million in bank settlements over a 2013 data breach, holding Monday that the retail giant failed to allege "loss of use damages" covered under the policy.
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