The second was a confidential information exclusion, added by Endorsement, which removes coverage for advertising injury arising from any access to or disclosure of confidential or non-public information, including trade secrets, processing methods, customer lists and financial information. The court found that this exclusion eliminated any remaining allegations that would have been outweighed by the intellectual property exclusion. The underlying complaint was built upon claims that SKM obtained and used Arrow-Mark’s confidential formulas, website code, pricing structures, customer lists, and product processes – all of which fit comfortably within the reach of the exclusion.
Insurers win as federal court denies coverage in trade secret battle & more related News Here
