SRO: The 'Sue Microsoft' Line Forms HereApr 21, 2000, 18:10 (5 Talkback[s])
(Other stories by Michael Orey)
"Huge legal fees prompt a Microsoft insurer to balk. There's 140 private lawsuits pending--plus the government's case."
"Microsoft Corp. has a new legal headache: At least one of its insurers is balking at providing coverage for a slew of private class-action antitrust suits filed against the software giant."
"At issue is not only the insurers' obligation to cover any damages or settlement awards in those lawsuits, but also their duty to pay Microsoft's legal costs, which are likely to be significant."
"Zurich American Insurance Co. has filed suit in federal court in Washington, seeking a ruling that coverage that it wrote for Microsoft Corp. doesn't extend to the antitrust claims."