Riceland, Liberty Mutual Settle GMO Rice Coverage Dispute

Law360, New York (March 5, 2012, 1:31 PM EST) -- Liberty Mutual Insurance Co. and Riceland Foods Inc. reached a partial settlement on Friday regarding the Arkansas farmers cooperative’s claims it should be insured in nearly 170 lawsuits over rice supplies allegedly contaminated by genetically modified crops.

After an Arkansas federal judge said in July that Liberty Mutual had no duty to defend Riceland in one of the suits but that the insurer could be on the hook in others, the two sides participated in mediation in November, where they reached an undisclosed settlement about action...
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