Key Energy Beats Insurer In Race To File Suit

Law360, New York (June 3, 2009, 12:00 AM EDT) -- Despite late-night filing efforts of legal staff, a federal judge has ruled that insurer Twin City Fire Insurance Co. lost a first-to-file race in a dispute with Key Energy Services Inc. over coverage for securities lawsuits, ordering the case to be transferred.

Judge Sim Lake of the U.S. District Court for the Southern District of Texas on Tuesday dismissed the suit filed by Twin City, transferring it to the U.S. District Court for the Western District of Texas, where a parallel suit filed by Key Energy...
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