“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.”