Atos Demands Excess Coverage For $854M Trade Secrets Suit

Law360 (February 23, 2021, 4:12 PM EST) -- A subsidiary of French IT services giant Atos hit its excess insurer with a $10 million coverage suit in New York federal court Monday, saying an unfair competition exclusion in its policy doesn't absolve the insurer's obligation toward an $854 million trade secrets verdict.

The policyholders, led by Atos Syntel Inc., alleged Ironshore Indemnity Inc. breached its contract by refusing to pay the insurer's share of the verdict under its first-layer excess errors and omissions coverage now that the primary layer of a $25 million tower of E&O coverage has been exhausted.

"This action is precipitated by Ironshore's abandonment of its...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!