Commercial Insurance Coverage Settlement
BLG represented the trustees of a major intellectual property rights distribution fund (the “Fund”) in a complex insurance coverage dispute against their insurer (“Defendant”). The dispute originated from Defendant’s wrongful denial of insurance coverage to the Fund, in relation to a then-pending class-action against the Fund. Defendant asserted that the Fund’s coverage was excluded under the policy’s Professional Services Exclusion.
BLG successfully navigated the litigation, effectively defeating Defendant’s two motions for summary adjudication. The Court concluded that Defendant improperly applied the Professional Service Exclusion clause in denying the Fund’s coverage. This pivotal victory led to a favorable settlement for our client.