5th Circ. Nixes Appeal In Coverage Row Over $60M Ship Crash
Law360 (August 30, 2018, 10:29 PM EDT) -- The Fifth Circuit on Wednesday tossed three oil companies’ appeal of a Louisiana federal court’s decision capping the potential liability of Cenac Marine Services LLC’s excess insurers for a 2016 ship accident that resulted in $60 million worth of damage, saying the lower court’s order was not ripe for appellate review.
The insurance coverage dispute arose in complex litigation involving various companies that have been accused of contributing to the accident — including Cenac — and others whose property was allegedly damaged, including Valero Refining-New Orleans LLC, Motiva Enterprises LLC and Shell Chemical LP. The oil companies have claimed that Cenac’s...
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