Steadfast's Steel Plant Explosion Coverage Suit Tossed

Law360, Chicago (October 25, 2012, 4:52 PM EDT) -- An Illinois federal judge on Thursday axed Steadfast Insurance Co.'s suit asking the court to resolve a dispute among steelworkers over the insurer's settlement offer tied to an explosion at an ArcelorMittal SA steel plant, saying the underlying state court litigation should resolve the insurer's claims.

At a hearing over the bid by seven steelworkers to have the declaratory judgment action tossed or stayed, U.S. District Judge Charles P. Kocoras dismissed without prejudice the insurer's claims looking to resolve the payout fight and the counterclaim lodged...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Steadfast Insurance Company v. Ballantine et al


Case Number

1:12-cv-02646

Court

Illinois Northern

Nature of Suit

110(Contract: Insurance)

Judge

Honorable Charles P. Kocoras

Date Filed

April 11, 2012

Law Firms

Companies

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.