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Olin, Insurer Ask Rakoff To Explain Ruling On $130M Award

Law360 (May 22, 2018, 5:31 PM EDT) -- Lamorak Insurance Co. and Olin Corp. are haggling over the meaning of a ruling last month that directed the insurer to pay the chemical producer $130 million to cover clean-up costs at contaminated sites, with both parties asking the court what exactly it meant by “final order.”

Lamorak has asked U.S. District Judge Jed S. Rakoff to let it post only $55 million to an escrow account to secure the $130 million judgment while a state court suit against other insurers plays out, but in a...
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Case Information

Case Title

Olin Corporation v. INS. Company of N.A., et al


Case Number

1:84-cv-01968

Court

New York Southern

Nature of Suit

Insurance

Judge

Jed S. Rakoff

Date Filed

March 20, 1984

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