Richardson Electronics, Ltd. v. Federal Insurance
District Court, N.D. Illinois
1Opinion of the Court
MEMORANDUM OPINION AND ORDER
BUCKLO, District Judge.
Richardson Electronics (“Richardson”), a distributor of electron tubes, took out insurance from Federal Insurance (“Federal”) for losses it or its officers and directors incurred due to legal liability for wrongful acts. Richardson then pleaded guilty to a criminal antitrust violation after an investigation by the Antitrust Division of the Justice Department (“Justice”), and settled a civil antitrust complaint that the government had filed in that connection for $1.5 million. Justice also indicted two of Richardson’s officers for interstate…
2Cases cited12 opinions
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- Harbor Insurance Company v. Continental Bank CorporationCourt of Appeals for the Seventh Circuit · 1991
- Liu v. T & H Machine, Inc.Court of Appeals for the Seventh Circuit · 1999
- De Witt County Public Building Commission v. County of De WittAppellate Court of Illinois · 1984
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