Equitas Wants Out Of Pepsi Toxic Tort Coverage Suit

Law360, New York (December 15, 2011, 5:44 PM EST) -- London-based Equitas Insurance Ltd. asked a California federal court Wednesday to drop it from a coverage lawsuit brought by the Pepsi-Cola Metropolitan Bottling Co. over an underlying toxic tort suit, claiming that a 2009 transfer of the relevant insurance policies to Equitas wasn't recognized in the U.S.

Equitas claimed that because the transfer isn't recognized under U.S. law, Equitas is not legally the insurer for a Pepsi predecessor and is not on the hook to reimburse the company for years of lawsuits over health problems and...
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