Addison Automatics, Inc. v. Netherlands Insurance

Prison, Shannon, J.

This insurance coverage dispute arises out of a class action complaint (“underlying suit”) brought by the plaintiff, Addison Automatics, Inc. (“Plaintiff’), against defendants Precision Electronics Glass, Inc. (“Precision”) and Phillip Rossi. On *716December 14, 2012, the United States District Court for the Northern District of Illinois (Coleman, J.) approved and issued final judgment on a settlement in the Underlying Suit. That settlement contemplated a $15,875,500judgment against Precision, the satisfaction of which the settlement class agreed to seek primarily from…