OneBeacon Off Hook For $7M Lead Paint Lobbying Tab

Law360, New York (May 1, 2012, 5:24 PM EDT) -- NL Industries Inc. can't make OneBeacon America Insurance Co. reimburse the manufacturer for $7 million it spent on a campaign to fend off potential lead-based paint liabilities in state legislatures and municipalities, a New York state judge ruled Tuesday.

Judge Barbara R. Kapnick ruled that the $7 million — used to convince state attorneys general not to sue and to fend off state legislation that could have put the company on the hook for lead-based paint litigation it had already managed to dismiss — wasn't covered...
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