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Insurer Needn't Help Cover $20M Award From Akorn Meds Suit

An Illinois federal judge ruled Friday that Ironshore Specialty Insurance Co. doesn't have to cover any part of a $20 million judgment against drugmaker Akorn Inc. over an adverse effect from one of its medications, finding that punitive damages stemming from the company's negligence aren't covered. ....

United States , Matthewf Kennelly , Akorn Inc , Ironshore Specialty Insurance Co , Ironshore Specialty Insurance , Judge Matthew , ஒன்றுபட்டது மாநிலங்களில் , இரும்பு கடற்கரை சிறப்பு காப்பீடு இணை , இரும்பு கடற்கரை சிறப்பு காப்பீடு , நீதிபதி மேத்யூ ,

Insurer Wants No Part Of $20M Judgment In Akorn Meds Suit


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Insurer Wants No Part Of $20M Judgment In Akorn Meds Suit
Law360 (December 14, 2020, 8:30 PM EST) Ironshore Specialty Insurance Co. is asking an Illinois federal court for a win as it seeks to avoid covering a $20 million judgment against Akorn Inc. over an adverse effect of one of its medications, saying punitive damages stemming from the company s willful conduct aren t covered.
In a motion for summary judgment filed Friday, Ironshore said the policy should be interpreted under Illinois law, which holds as public policy that punitive damages are not covered by insurance in cases such as this.
While Akorn had argued that Georgia law should apply because the underlying suit was filed in Georgia, Ironshore argued. ....

United States , Akorn Inc , Ironshore Specialty Insurance Co , Specialty Insurance , ஒன்றுபட்டது மாநிலங்களில் , இரும்பு கடற்கரை சிறப்பு காப்பீடு இணை , சிறப்பு காப்பீடு ,