9th Circ. Flips Axis' Win In Fight Over Northrop's ERISA Deal

By Jeff Sistrunk (September 14, 2020, 7:11 PM EDT) -- The Ninth Circuit on Monday upended an order allowing excess insurer Axis Reinsurance Co. to recoup part of what it paid toward Northrop Grumman Corp.'s settlement of an Employee Retirement Income Security Act suit, rejecting Axis' stance that Northrop's lower-level insurers prematurely exhausted their limits....

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