The defendants are "liable to Colt’s for damages for wrongful failure to defend, in an amount to be proven at trial together with pre- and post-judgment interest, costs, attorneys’ fees, and any consequential damages arising from [the defendant's] breach, including but not limited to Colt’s legal fees and costs, the value of Colt’s lost business opportunities, and any and all sums that Colt’s may be required to pay in damages in the Gary Lawsuit regardless of policy limits," the complaint said.
September 06, 2023 at 06:21 PM
4 minute read
Litigation Reporter
A firearms manufacturer sued its insurer, alleging a breach of contract when it stopped funding its legal defense in a case that has been winding its way through the courts for more than two decades.
Colt’s Manufacturing Co. sued AIG Specialty Insurance Co. and Pittsburgh-based National Union Fire Insurance Co. in U.S. District Court in Connecticut.
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