Wireless Co. Says Insurer On the Hook for $13M Trade Secrets Award

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This is the case of Wireless Systems Solutions LLC et al. v. Philadelphia Indemnity Insurance Co., in the U.S. District Court for the North Carolina Middle District.

A wireless technology company based in North Carolina was hit with a $12.5 million arbitration award for stealing a client’s trade secrets, and the company says its insurer Philadelphia Indemnity Insurance Co. breached its policies by refusing to pick up the tab.

Wireless Systems Solutions is represented by Richard L. Pinto, Deborah J. Bowers, and Adam L. White of Pinto Coates Kyre & Bowers PLLC, and on October 11th they filed Wireless’ complaint seeking declaratory relief such that plaintiffs are entitled to coverage for the underlying trade secrets award under at least one of the defendant’s policies.

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In the complaint, Wireless says the insurer wrongfully used exclusions to deny coverage and did so in bad faith.

This week, attorneys for Wireless Systems Solutions filed a motion for summary judgment. The motion asks the court for a judgment on the merits of the case before the trial. It is properly made where only a question of law needs to be decided, and where there is no dispute about the facts.