Law360, New York (April 27, 2011, 6:30 PM EDT) -- An Alabama federal judge tossed a suit Tuesday brought by Lafayette Insurance Co. against Chartis Specialty Insurance Co. over coverage for a nutritional supplement maker’s settlement costs in a multidistrict product liability litigation, ruling the claims did not belong in federal court.
In his dismissal, U.S. District Judge James H. Hancock found Lafayette should not have excluded supplement manufacturer Wright Enrichment Inc. as a co-defendant in its suit against excess insurer Chartis.
Because both Wright and Lafayette are based in Louisiana, Wright’s inclusion would result in...
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.