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Olin Covered For Cleanup Costs At 7 Sites, Rakoff Rules

Law360 (July 18, 2018, 7:57 PM EDT) -- U.S. District Judge Jed S. Rakoff has ruled that Lamorak Insurance Co. must cover Olin Corp.’s costs to remediate pollution at seven industrial sites, while also freeing the excess insurer from liability for Olin’s defense costs at another site and sending the chemical producer’s demands for coverage at seven additional locations to trial.

In a sprawling 149-page decision made public Tuesday, the New York federal judge addressed Olin’s bid for about $36.6 million in coverage from Lamorak for its defense and cleanup costs at 15 contaminated...
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