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U.S. District Judge Jed S. Rakoff on Wednesday ruled that Lamorak Insurance Co. owes Olin Corp. $55 million to cover the chemical producer’s payments to clean up five contaminated sites, after reducing the excess insurer’s liability by about $2.7 million, which was paid by other carriers that settled with Olin.
The U.S. Trustee’s Office objected Wednesday to the latest version of insurance company servicer Patriot National Inc.’s Chapter 11 plan, saying it contains unjustified legal releases and goes too far in blocking late claims.
Two Florida appeals courts issued opinions Wednesday finding they lack jurisdiction to review lower court orders denying motions to dismiss by government entities claiming sovereign immunity because the orders did not explicitly make determinations regarding the agencies’ immunity.
Locke Lord LLP has nabbed a Troutman Sanders LLP partner to serve as its head of arbitration for East Asia, bolstering the firm’s Hong Kong offerings with his extensive experience in both dispute resolution and noncontentious matters, with a particular focus on areas like transportation, international trade, insurance and product liability.
The New Jersey Supreme Court on Tuesday affirmed that unidentified motorists may by law be allocated fault in automobile accident lawsuits, potentially reducing the exposure of the named defendants, as long as the parties receive advance notice that a “John Doe” defense will be mounted.