ConCarb's Suit Broke Insurance Pact, Judge Rules

Law360, New York (October 21, 2010, 12:27 PM EDT) -- A federal judge has determined that industrial carbon producer Continental Carbon Co. breached an agreement with National Union Fire Insurance Co. of Pittsburgh, Pa., by suing the insurer in federal court, dealing the company a blow in a long-running battle over coverage for millions of dollars worth of pollution claims.

Judge Robin J. Cauthron of the U.S. District Court for the Western District of Oklahoma issued the ruling Wednesday and decided to dismiss ConCarb's suit against American International Group Inc. unit National Union as punishment for...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.