Lockheed On Hook For $2M Atty Fees In Coverage Suit

Law360, New York (July 29, 2011, 4:48 PM EDT) -- A Maryland federal judge on Thursday slashed a $2 million attorneys' fees award from a jury verdict favoring Lockheed Martin Corp. in a dispute with National Casualty Co. over repair costs for an ocean vessel that suffered mechanical problems.

U.S. District Judge Alexander Williams ruled that the court erred in earlier interpretations of a provision of Lockheed’s policy regarding attorney fee coverage, saying the policy’s ambiguity on the issue prevented Lockheed from recovering the costs.

NCC filed suit in 2005 seeking a declaratory judgment regarding its...
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