Fla. Judge Won't Snuff Nestle Waters' Suit Over Fire Coverage

Law360, New York (June 18, 2012, 6:57 PM EDT) -- A Florida federal judge on Monday declined to dismiss Nestle Waters North America Inc.’s lawsuit against Malaysian Assurance Alliance Berhad alleging the insurer improperly denied coverage to the company in underlying litigation over a water dispenser that allegedly caused a fire.

"MAA contends it is not subject to personal jurisdiction due to their 'contract jurisdiction and choice of law' clause," U.S. District Judge James S. Moody Jr. said. "MAA argues their forum selection clause is enforceable against Nestle. Upon review of the contractual language, the court...
To view the full article, register now.

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.