S&P: USI Holdings unchanged

Standard & Poor's said its ratings on USI Holdings Corp. (BB-/negative) are not affected by a recent jury verdict for an aggregate amount of about $18.8 million in a copyright infringement case regarding commissions earned by a subsidiary of the company.

The agency said that the company has announced its intention to file a motion to set aside or significantly reduce the judgment or, failing that, pursue an appeal.

So far, the company had not established a contingency reserve for this case, the agency added.

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