Maximus, Insurer Drop Claims Over $78M Texas Settlement

Law360, New York (March 9, 2012, 5:34 PM EST) -- Maximus Inc. dropped its suit Friday against Twin City Fire Insurance Co., one of two insurers it sued in Virginia federal court in November for claims relating to $78 million in losses from a 2008 Texas public-health contract dispute settlement.

The stipulation of dismissal filed Friday says Maximus and Twin City will dismiss with prejudice claims against each other and each bear their own costs and fees but provides no other information on the terms of any deal. Counsel for Maximus declined to comment Friday, citing...
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.