NAICO, PC Pump Resolve Coverage Of $73M Fraud Suit

Law360, New York (July 30, 2010, 1:55 PM EDT) -- National American Insurance Co. has reached a resolution with PC Pump LP in the companies’ dispute over the insurer’s responsibility to defend the cavity pump designer in a $73 million breach of contract and fraud suit brought by oil and gas exploration company Osage Resources LLC.

Judge Carlos Murguia of the U.S. District Court for the District of Kansas on Thursday signed off on a stipulated dismissal put together by Sanders Warren & Russell LLP’s Curtis Roggow and Spencer Fane Britt & Browne LLP’s J. Nick...
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