Insurer Fights £1.1M Suit Over Confidential Merger Docs
By Lucia Osborne-Crowley (September 14, 2021, 2:28 PM BST) -- An insurer has fought back against a lawsuit for up to £1.1 million ($1.5 million) brought by a vehicle warranties provider, saying the information it obtained in the lead-up to an ill-fated merger was not confidential.
Spectrum Insurance Services Ltd. has asked the High Court in a defense, filed on Thursday, to reject claims by The Motoring Organisation Ltd. that it had misused confidential information after a planned merger between the two companies went awry.
Spectrum argued that the information that the warranties provider is claiming was misused — data about its customers and a lucrative business opportunity linked to a contract...
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