National Union, An AIG Company, is Ordered to Increase Its Bond in Its Case With CombiMatrix Corporation to $39.2 Million

MUKILTEO, Wash., Sept. 15, 2008 (GLOBE NEWSWIRE) -- CombiMatrix Corporation (Nasdaq:CBMX) announced that the United States District Court for the Central District of California has ordered National Union Fire Insurance Company (an AIG Company) (NYSE:AIG) to increase its bond from $36 million to $39.2 million. The current final judgment in favor of CombiMatrix is $35.7 million. This judgment is under appeal and will continue to earn interest until collected. The increased amount of the bond would provide additional coverage for accrued interest and other costs. National Union has until September 30, 2008 to increase its bond.
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