AIG Must Cover DOJ Defense Contract Settlement, Court Told
Law360, London (May 1, 2019, 7:25 PM BST) -- A company that builds temporary structures for events has sued the U.K. arm of American International Group Inc. in Wisconsin federal court to recoup money it agreed to pay the U.S. government to drop a civil fraud probe over allegedly unlawful military contracts, saying the insurer has wrongly denied coverage.
Arena Event Services Inc. accused AIG Europe Ltd. and AIG Group UK Ltd. of breaching its promise to indemnify the company for an October settlement it struck with the U.S. Department of Justice resolving claims it wrongly secured U.S. military contracts reserved for small businesses.
In a 26-page suit filed Tuesday, Arena, the...
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