Panel Reverses $2.8M Damages Award In ‘Atypical’ Coverage Suit That ‘Breaks The Mold’

Mealey's (April 27, 2021, 1:21 PM EDT) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals on April 26 reversed and remanded a lower court’s $2,846,049.34 extracontractual damages award under Section 155 of the Illinois Insurance Code against an insurer in a coverage dispute arising from underlying trade dress infringement claims that were brought against the insured nine years ago, further denying the insured’s motion to impose sanctions against the insurer for its third appeal....