Business Services Industry
'Bond' begets bad-faith suit; Disputed rights to spy character triggers coverage battle.(News)
Business Insurance, September, 2002 by Wojcik, Joanne
Byline: JOANNE WOJCIK LOS ANGELES-An insurance coverage battle, triggered by a nearly 40-year fight over ownership of the film rights to fictional superspy James Bond, will go to trial in Los Angeles this month, unless a settlement is reached by the end of next week. After winning one of the longest-running copyright disputes in history last August over who created the on-screen image of the world-famous fictional spy-American writer Kevin McClory or British author Ian Fleming-Metro-Goldwyn-Mayer Inc.
and Danjaq L.L.C., which collectively hold the rights to the James Bond character and films, now face a lawsuit from their insurer, seeking to rescind coverage for defense costs they have incurred. Anchorage, Alaska-based American International Specialty...
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