Mine Site Owner Blasts Chartis' Effort To Avoid Damages

Law360, New York (February 9, 2012, 2:14 PM EST) -- A Texas landscaping company facing pollution cleanup costs at the site of a former graphite mine on Wednesday accused its insurer, Chartis Specialty Insurance Co., of trying to avoid punitive damages through an illegal reading of their prior settlement agreement.

Greensmiths Inc. asked a Texas federal judge to rule that American International Specialty Lines Insurance Co. — now known as Chartis Specialty Insurance — could not assert that their September 2006 settlement blocks Greensmiths from recovering all prospective punitive, exemplary and extra contractual damages, even those...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Greensmiths Inc v. American International Specialty Lines Insurance Company et al


Case Number

4:09-cv-00244

Court

Texas Eastern

Nature of Suit

Insurance

Judge

Richard A. Schell

Date Filed

May 20, 2009

Law Firms

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.