Stonewall To Pay $21.5M To End Asbestos Coverage Suit

Law360, New York (September 7, 2011, 6:30 PM EDT) -- Stonewall Insurance Co. agreed to pay $21.5 million to end a dispute with reorganized DynCorp subsidiary Fuller-Austin Insulation Co. over coverage for asbestos exposure litigation, in a settlement approved Wednesday by a Delaware federal judge.

U.S. District Judge Leonard P. Stark approved the agreement, ending a California coverage suit that began in 1998 and granting Stonewall protection from further asbestos-related claims by Fuller-Austin or individuals who were allegedly harmed by Fuller-Austin asbestos.

Fuller-Austin, which had been in the business of installing, distributing and removing insulation materials...
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