Skip to main content

Federal Court Says Insurance Firm Must Pay CombiMatrix $35.7M Award

NEW YORK (GenomeWeb News) - The US District Court for the Central District of California has entered a final judgment in favor of CombiMatrix for $35.7 million, to be paid by the National Union Fire Insurance Company, CombiMatrix said Friday.
 
In February, the court sided with CombiMatrix in its suit against National Union, which claimed that the insurance firm had refused to defend and indemnify CombiMatrix under its director and officer’s insurance policy.
 
On April 23, the court awarded CombiMatrix an additional $3.6 million in attorneys' fees and litigation costs, increasing the overall award to $35.7 million.
 
This award was entered as a final judgment on May 22.
 
CombiMatrix said in a statement that it “will take all reasonable efforts to collect this award, including interest, from National Union.”
 

The Scan

Gap in COVAX Doses

BBC News reports that COVAX is experiencing a vaccine shortfall, as the Serum Institute of India has paused exports.

Sanofi, GSK Report Promising Results

The Wall Street Journal reports that the candidate SARS-CoV-2 vaccine from Sanofi and GlaxoSmithKline has had encouraging early results.

Influence of Luck

The New York Times examines how the US avoided variant-fueled increases in COVID-19 cases.

PLOS Papers on Retina GWAS, Hantaan Virus, COVID-19 Phenome-Wide Association Study

In PLOS this week: genome-wide association study of retinal morphology, analysis of hantaan virus found in a mouse, and more.