Tag Archives: cooperation clause

Insurer’s Coverage Denial Relieves Policyholder’s Obligation to Obtain Consent to Settlement

In the latest development in the long-running battle of J.P. Morgan Chase, as successor in interest to Bear Stearns, to try to obtain insurance coverage for amounts Bear Stearns paid to resolve an SEC investigation of alleged deceptive market timing and late trading activities, a New York state court judge has held that because its … Continue Reading