NJ High Court Lets Coregis Off Hook For Sewage Deal

Law360, New York (June 22, 2011, 9:47 PM EDT) -- The New Jersey Supreme Court on Tuesday affirmed that Coregis Insurance Co. did not have to reimburse a public sewage agency in northern New Jersey for damage stemming from a settlement in an underlying antitrust dispute with a private wastewater treatment company.

The Passaic Valley Sewerage Commission said its insurer was obligated to reimburse it for between $6 million and $17 million in estimated damage that it incurred as a result of a 2005 settlement with Spectraserv Inc., but Coregis refused, saying that the language of...
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