FEDERAL INS. v. CAMPBELL SOUP


885 A.2d 465 (2005)

381 N.J. Super. 190

FEDERAL INSURANCE COMPANY, Plaintiff-Respondent, v. CAMPBELL SOUP COMPANY, Defendant-Appellant.

Superior Court of New Jersey, Appellate Division.

Decided November 9, 2005.


Attorney(s) appearing for the Case

Nancer H. Ballard (Goodwin Procter) of the Massachusetts bar, admitted pro hac vice, argued the cause for appellant (Lowenstein Sandler, and Ms. Ballard, attorneys; Robert D. Chesler and Ms. Ballard, of counsel; Mr. Chesler, Ms. Ballard, Don M. Kennedy, Daniel P. Dain and James R. Sweet, on the brief).

Christopher T. Handman (Hogan & Hartson) of the Washington, D.C. bar, admitted pro hac vice, argued the cause for respondent (Belsole & Kurnos, and Mr. Handman, attorneys; Roy E. Kurnos and Mr. Handman, of counsel; Mr. Kurnos, Mr. Handman, David J. Hensler and Albert W. Turnbull, on the brief).

Before Judges COBURN, COLLESTER and S.L. REISNER.


The opinion of the court was delivered by

COBURN, P.J.A.D.

This dispute between Federal Insurance Company and Campbell Soup Company requires interpretation of an insurance policy. In essence, the policy requires payment of defense costs and indemnification for any claims arising out of Campbell's participation in the sale or purchase of securities. When a third party sued Campbell, Campbell asserted that the action...

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