We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Bristol-Myers Can Seek $11M More In Stolen-Drug Insurance

Law360, New York (May 3, 2012, 6:20 PM EDT) -- A New York state judge ruled Thursday that Bristol-Myers Squibb Co. could try to recover roughly $10.6 million more from its insurers at Lloyd's of London for the hijacking of a truckload of its brand-name drugs en route to a Canadian affiliate.

In a bench ruling at the conclusion of a hearing, Judge Charles E. Ramos found that the insurance policy language showed the drugs should be valued at their ultimate sale price, and not at the price the Canadian affiliate had paid to the parent...
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.