Lloyd's, Others Duck Contractor's Suit Over $53M Hyatt Deal

Law360, New York (November 13, 2013, 6:54 PM EST) -- Hyatt Corp. insurers including Lloyd's of London and Lexington Insurance Co. on Wednesday bested a general contractor's suit seeking compensation for its $53 million settlement payment to Hyatt in an underlying property damage suit.

U.S. District Judge John A. Jarvey delivered a blow to The Weitz Co. LLC and granted summary judgment motions by the insurers, which also included Allied World Assurance Co. and Essex Insurance Co. His ruling found, among other things, that the settlement that some of the insurers had reached with Hyatt over...
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