Payless Shoesource’s Insurer Balks at Paying $305M Verdict (://URLFAN)

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Payless Shoesource’s Insurer Balks at Paying $305M Verdict

Post Date: Jul 28, 2008 8:55 p.m.
Ranked website: seattletrademarklawyer.com (Ranks #115261 of 2,815,144)

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As the Trademark Blog reports , American Guarantee & Liability Insurance Co. is balking at the prospect of paying any part of the $305M judgment Adidas America, Inc., obtained against Payless Shoesource, Inc., earlier this year. The insurer filed suit on July 24 in the District of Kansas for a declaration that it is not liable under any of its policies.  Here’s a sampling of the reasons why the insurer says it need not pay Payless’ claim: “The jury’s verdict in favor of adidas in the Underlying Lawsuit is not for damages for ‘advertising injury’ or ‘personal advertising injury under any of the American Guarantee Excess Policies as defined in the relevant policy provisions.” “None of the damages awarded by the jury are damages caused by advertising, Advertising Injury or Personal Advertising Injury; thus the awarded damages do not have the necessary causal connection to be covered under the policies.” “The jury...

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