Law360, New York (September 20, 2012, 8:02 PM ET) -- The Seventh Circuit on Thursday affirmed the dismissal of a suit against Continental Casualty Co., ruling that G&S Holding LLC lacked standing to sue the insurer over its refusal to fully cover losses from an explosion at an affiliate’s plant.
A three-judge appeals panel upheld an Indiana district court ruling that G&S and its co-plaintiffs could not sue Continental for its failure to fully indemnify G&S Metal Consultants Inc. — owner of the damaged plant and holder of the Continental policy — even though the plaintiffs...
7th Circ. Rules G&S Can't Sue Insurer For Affiliate's Claim
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