PepsiAmericas, Wausau Settle Indemnity Dispute

Law360, New York (January 15, 2010, 2:18 PM EST) -- The Employers Insurance Co. of Wausau and PepsiAmericas Inc. have settled their dispute over the insurer's responsibility to defend and indemnify the bottler in at least five underlying suits arising from environmental contamination near a California plant.

Federal Judge Charles R. Breyer of the U.S. District Court for the Northern District of California approved on Thursday a stipulated dismissal sought by both parties. Details of the agreement were not immediately available in court documents, but both parties will pay their own attorneys' fees and costs....
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