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Claims Examples Paid by Directors and Officers Liability Insurance
Passing Off
The plaintiff, an EU company, alleged infringement of a trade mark, passing off and malicious falsehood. The allegations arose due to the product that the insured company had been marketing and selling. The name of the product was allegedly a proprietary brand belonging to the plaintiff for whom the insured company was previously the sole UK distributor. Defence costs were £184,892 and the settlement amount was £162,000