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Northrop Asks 9th Circ. To Ground 'Improper Erosion' Theory

By Craig Clough (March 30, 2020, 5:26 PM EDT) -- Northrop Grumman Corp. urged the Ninth Circuit on Monday not to affirm a lower court's finding that it must repay part of excess insurer Axis Reinsurance Co.'s coverage of an Employee Retirement Income Security Act lawsuit settlement, saying the secondary insurer lacks legal authority to challenge decisions of the underlying insurers....

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