Rainbow USA Drops $36M Katrina Fight Against Insurer

Law360, New York (May 19, 2011, 4:40 PM EDT) -- A Lousiana federal judge on Thursday dismissed Rainbow USA Inc.'s suit against Nutmeg Insurance Co. that sought $36 million in coverage after Hurricane Katrina, noting the children's clothing retailer agreed to drop the fight against the insurer as part of a settlement.

U.S. District Judge Eldon E. Fallon dismissed the suit with prejudice after Rainbow and Nutmeg filed a joint stipulation of dismissal May 9 informing the court that the children's apparel company had agreed to dismiss its claims. The court has also been notified that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.