Most insurers’ payment defenses thrown in $ 120 million lawsuit

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By Jeff Montgomery (September 10, 2021, 8:24 p.m. EDT) – A Delaware judge on Friday dismissed most, but not all, of the remaining insurers’ defenses in a long-running dispute over Sycamore Partners Management’s private equity attempt LP to recover $ 120 million for its own payments to settle the dispute over its takeover of retailer Nine West.

Superior Court Judge Abigail M. LeGrow has ruled that three defenses raised by Markel American Insurance Company and Ironshore Indemnity Inc. fail in law while two others “are both based on an unreasonable interpretation of policies as well as, in defense, disputed the facts. “

Three other insurers settled the disputes, the court noted, with …

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