Pepsi, OneBeacon Settle Contamination Coverage Suit

Law360, New York (February 18, 2011, 2:19 PM EST) -- OneBeacon America Insurance Co. has resolved its role in a suit brought by Pepsi-Cola Metropolitan Bottling Co. Inc. seeking coverage on 1960s-era policies for thousands of liability claims resulting from alleged chemical contamination by a Pepsi predecessor.

Judge Stephen V. Wilson approved the settlement — the terms of which were undisclosed — in an order lodged Thursday in the U.S. District Court for the Central District of California.

Pepsi had been demanding full coverage for more than 1,100 claims from residents who said they were exposed...
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