Update to Vendini breach: Settlement reached with insurer
Back in September 2013, online ticket broker Vendini was sued by its insurer, who, not surprisingly, did not want to have to provide coverage for a breach that may have affected up to three million customers (previous coverage of the breach and aftermath linked from here).
Now the law firm of King & Spalding reports:
On February 13, 2015, the U.S. District Court for the Northern District of California dismissed with prejudice St. Paul Fire and Marine Insurance Company’s declaratory judgment lawsuit against Vendini, Inc., noting that the parties had agreed to a confidential settlement on the same day. In the declaratory judgment action, St. Paul had disclaimed coverage under Vendini’s insurance policy in connection with a $3 million class action lawsuit brought against Vendini stemming from a March 2013 data breach.
Read more on JDSupra.