Facts

Office Depot Inc. filed a lawsuit against AIG Specialty Insurance Co. over a dispute regarding insurance dispersals.

PLAINTIFF'S CONTENTIONS: Plaintiff contended that it had a contract with defendant whereby defendant agreed to pay plaintiff if plaintiff lost a lawsuit against a public entity. Plaintiff contended that it owed Los Angeles County $77.5 million resulting from a settlement agreement over allegedly fraudulent pricing practices.

DEFENDANT'S CONTENTIONS: Defendant contended that it did not need to indemnify plaintiff because plaintiff's wrongful acts stemmed from outside the policy period. Defendant contended that as a matter of law, it only had a duty to indemnify for wrongful acts that began after the policy was promulgated.

Result

The court granted defendant's motion for summary judgment. It found that defendant had no duty to indemnify because plaintiff's wrongful acts stemmed from before the policy period.