CB Fleet Settles With Axis On Bowel Cleanser Suits

By Pete Brush

Law360, New York (November 11, 2009, 12:49 PM ET) -- Health products maker C.B. Fleet Inc. and Axis Surplus Insurance Co. have gotten a judge's approval to settle a coverage fight over a $10 million excess policy as C.B. Fleet settles hundreds of underlying suits claiming its recalled Phospho-Soda bowel cleanser caused kidney problems.

Judge Norman K. Moon's order, issued Tuesday in the U.S. District Court for the Western District of Virginia, dismissed the case, removed from the Lynchburg City Circuit Court by the insurer in September, without prejudice.

A joint stipulation to end the proceedings...
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