Insurer Escapes Coverage Suit Over Metal Plant Blast

Law360, New York (March 9, 2011, 6:18 PM EST) -- A federal judge on Tuesday tossed a suit filed in Indiana by affiliates of a bankrupt metal producer seeking damages from insurer Continental Casualty Co. related to a plant explosion, ruling they lacked standing to sue.

Judge Jon DeGuilio of the U.S. District Court for the Northern District of Indiana ruled that G&S Holdings LLC and four others could not recover damages for financial injuries they suffered following Continental’s alleged underpayment on a claim submitted by bankrupt parent company G&S Metal Consultants Inc. related to the...
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