New Orleans, Insurer Near Deal In $440M Katrina Suit

Law360, New York (November 23, 2009, 6:00 PM EST) -- The city of New Orleans and an insurer that covered more than 250 municipally owned buildings damaged in Hurricane Katrina could be close to striking a deal in a lawsuit over nearly $440 million in unpaid, disputed claims.

Judge Carl Barbier granted a joint motion for a 45-day extension of stay in the case, requested by both the city and defendant Westchester Surplus Lines Insurance Co. as they negotiated a possible settlement, in the U.S. District Court for the Eastern District of Louisiana.

“The ball is...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.