Olin Corp. Settles Final Niagara Falls Cleanup Suit

By Nick Malinowski

Law360, New York (November 19, 2009, 4:31 PM ET) -- A federal appeals court has rendered a disputed lower court ruling in an insurance spat moot and unenforceable, citing a settlement between Olin Corp. and its insurers over $12 million spent cleaning up environmental contamination at two of the chemical producer's facilities near Niagara Falls, N.Y.

In a one-sentence ruling Nov. 12, the U.S. Court of Appeals for the Second Circuit dismissed appeals and cross-appeals by Olin Corp. and London Market Insurance Co. arising from a January 2009 judgment by the U.S. District Court for the...
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