Lexington Reaches Deal In Mall Garage Coverage Spat

Law360, New York (April 1, 2010, 5:18 PM EDT) -- Wheaton Plaza Regional Shopping Center LLP, mall operator Westfield LLC and Lexington Insurance Co. have agreed to settle a dispute over coverage for losses Wheaton and Westfield said they incurred because of shoddy construction work on a parking garage.

Judge Peter J. Messitte of the U.S. District Court for the District of Maryland dismissed the case on Wednesday but added that the parties have 60 days to move to reopen the action if the settlement is not consummated.

Wheaton and Westfield claimed that they lost more...
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