United States Seventh Circuit

In assessing whether an insured made a reasonable, good faith settlement in the case underlying its action against insurer for failure to defend, evidence that part of the settlement funds were for the purchase of trademark assets indicated the settlement was more than merely a release of legal liability, and $4 million cash payment for trademark asset was not part of a reasonable settlement.

Appellate Information

• Argued 01/23/2002
• Decided 03/07/2002
• Published 03/07/2002

Judges

• BAUER, Circuit Judge., Before BAUER, COFFEY and EVANS, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellees:
  
• John F. Zabriskie (argued), Foley & Lardner, Chicago, IL, for Plaintiff-Appellee., Fred A. Smith, III, Sedgwick, Detert, Moran & Arnold, Chicago, IL, Kirk C. Jenkins (argued), Sedgwick, Detert, Moran & Arnold, San Francisco, CA, for Defendant-Appellant.