Cooper's Insurance Transfer Was Valid, NJ Court Affirms
Law360 (April 13, 2018, 5:43 PM EDT) -- Cooper Industries LLC can tap into a slew of liability policies to cover a U.S. Environmental Protection action over the cleanup of a New Jersey Superfund site because it received a valid transfer of a corporate predecessor's insurance rights, a state appeals panel affirmed on Friday.
OneBeacon Insurance Group and Columbia Casualty Co. had asked the New Jersey Appellate Division to upend a state judge's June 2015 ruling giving Cooper access to several primary and umbrella policies the insurers had issued to Cooper's predecessor, the original McGraw-Edison Co., for periods spanning 1971 through 1980.
The key issue was whether the original McGraw-Edison's rights to...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!