Siemens First, QBE Settle $10.2M Trade Policy Tiff

Law360, New York (September 24, 2010, 5:08 PM EDT) -- QBE Insurance Corp. has resolved a $10.2 million suit brought by Siemens First Capital Commercial Finance LLC over a trade credit insurance policy, with the parties opting not to go to trial following a judge's refusal to award summary judgment.

The companies told the U.S. District Court for the Western District of Oklahoma on Thursday that they had reached an agreement, though details on the settlement were not immediately available.

Judge Vicki Miles-LaGrange had rejected Siemens' request for summary judgment on Sept. 10, ruling that there...
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