A Florida-based security company has defeated an insurance company’s attempt to recover a $42 million loss stemming from a prescription drug heist from a Connecticut warehouse.
Tyco Integrated Security LLC was not liable for the theft of thousands of boxes of medicine from an Eli Lilly and Co. warehouse in Enfield, a Miami federal jury ruled on April 4. The pharmaceutical company’s insurer, National Union Fire Insurance Co. of Pittsburgh, claimed Tyco failed to protect confidential information about security weaknesses at the warehouse.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
