Liberty Can't Avoid $4M Coverage In Contract Row

Law360, New York (June 17, 2011, 7:34 PM EDT) -- A New York federal judge on Thursday denied Liberty Mutual Insurance Co.’s bid to dodge nearly $4.2 million in coverage for Hicks & Warren LLC for legal fees in arbitration over a bonded contract with another company to construct a residential complex.

U.S. District Judge Shira Scheindlin ruled that the performance bond — which incorporated the construction complex by reference — and other contract terms held Liberty liable for an award it won in arbitration with the project’s contractor, The Stegla Group Inc., and included more...
To view the full article, register now.