March 14, 2014

Payne & Fears LLP Negotiates $1.5 Million Recovery of Defense Costs After Liability Insurer Denies Coverage

Payne & Fears LLP recently succeeded in securing the recovery from its liability insurer of $1,500,000 in defense costs incurred by the client after its commercial general liability insurer denied coverage and refused to defend several putative class-action lawsuits seeking damages, disgorgement of profits and injunctive relief related to insured’s alleged illegal marketing of alcoholic beverages to underage consumers.