Law360, Chicago (February 22, 2012, 4:51 PM ET) -- The Fifth Circuit found Monday that Colony National Insurance Co. does not owe defense costs to lifting equipment manufacturer Manitex LLC in underlying litigation over a crane accident, finding Manitex did not assume its predecessor-in-interest's tort liability to trigger coverage.
The appeals court reversed a Texas federal court's summary judgment in favor of Manitex and remanded the case for entry of summary judgment for Colony. It found that the policy was unambiguous; that Manitex's purchase agreement in which it assumed contractual liabilities was not an insured...
Colony Need Not Defend Insured's Predecessor: 5th Circ.
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