Attorneys Examine Northrop Ruling’s Effect on Insurability of Settlements
Cary Lerman weighs in on the U.S. Court of Appeals’ recent decision in Axis Reinsurance Co. v. Northrop Grumman Corp. The ruling, which was decided in Northrop Grumman’s favor, calls into question whether and when settlement-based disgorgement payments, not excluded by the terms of a policy, may be excluded from insurance coverage based on public policy.
Read the full article, published in Law360 on Sept. 28, 2020 here.
Cary B. Lerman has been a Munger, Tolles & Olson partner since 1976. His practice includes representing policyholders in insurance coverage litigation, analyzing insurance issues for clients of the firm and advising clients on restructuring their corporate insurance programs.