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Order For Petroterminal To Pay Insurers Concerns 2nd Circ.

By Pete Brush (August 31, 2016, 2:58 PM EDT) -- A Second Circuit judge on Wednesday asked if an order for oil transfer company Petroterminal de Panama SA to pay $2 million in defense costs back to insurers after winning a suit that was triggered by a covered oil spill, but resolved on other grounds, creates a perverse incentive for future litigants not to defend themselves....

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