Turner Settles With Asbestos Defense Insurers

Law360, New York (April 6, 2011, 8:14 PM EDT) -- Turner Industries Group LLC reached a settlement with The Travelers Cos. Inc. and Fireman's Fund Insurance Co. in Louisiana on Wednesday over its claims that the insurers owed it defense and indemnification costs for thousands of underlying asbestos claims.

Judge Brian A. Jackson of the U.S. District Court for the Middle District of Louisiana granted a joint motion for partial dismissal one day after it was filed.

According to that joint motion, the parties have entered into a confidential defense and indemnity agreement that resolves all...
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.