Newmont, Travelers Settle Mine Cleanup Coverage Suit

Law360, New York (August 5, 2011, 5:52 PM EDT) -- Mining giant Newmont USA Ltd. on Thursday sought to dismiss its claims against Travelers Casualty & Surety Co., the last defendant in a coverage suit over cleanup costs at a Washington state uranium mine, saying they had settled their dispute.

Newmont and subsidiary Dawn Mining Co. LLC filed a stipulated dismissal motion with Travelers, holding that all claims between the two parties had been resolved. A slew of other insurance company defendants had also reached settlements with Newmont over the past year.

Newmont had filed an...
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.