Liberty Can't Kill $50M Coverage Suit Over Deepwater Deal

Law360, New York (August 16, 2012, 10:53 PM EDT) -- A Louisiana federal judge on Thursday maintained most claims in Cameron International Corp.'s suit against Liberty Insurance Underwriters Inc. seeking $50 million to help fund its $250 million settlement with BP PLC in multidistrict litigation over the Gulf of Mexico oil spill.

U.S. District Judge Carl Barbier tossed a claim seeking penalties under Louisiana law by the maker of the failed Deepwater Horizon blowout preventers, but refused to dismiss the rest of Cameron's claims. He found that Liberty's arguments regarding an "other insurance" provision in its...
To view the full article, register now.