Judge Sides With Verizon, Sprint In Insurance Spat

Law360, New York (August 15, 2007, 12:00 AM EDT) -- Telecommunications providers Verizon and Sprint have been awarded $1 million by a Manhattan judge, ending a dispute over insurance for damaged underground cables.

U.S. Magistrate Judge Theodore Katz granted the companies' joint motion for summary judgment against Rutgers Casualty Insurance Co., on Monday, after the New Jersey insurer withheld the $1 million payout.

The companies sued Rutgers in the U.S. District Court for the Southern District of New York in June 2006, for the recovery of an earlier court judgment against the insured company—Pelcrete Construction Inc.—which...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.