Goodyear Denied Declaratory Judgment On $10M Policy

Law360, New York (October 27, 2009, 4:10 PM EDT) -- A federal judge has dismissed a declaratory judgment claim from Goodyear Tire & Rubber Co. without prejudice, saying the company's contention that Federal Insurance Co. owes it $10 million on an excess insurance policy in a case accusing an underlying insurer of breaching contract is not ripe for adjudication.

Judge Christopher A. Boyko of the U.S. District Court for the Northern District of Ohio granted Federal's motion to dismiss the claim, rejecting as “abstract” Goodyear's argument that the insurer's refusal to pay would preclude a settlement...
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