Technicolor, Chartis Settle $6M Cleanup Coverage Suit

Law360, New York (November 20, 2012, 1:43 PM EST) -- Technicolor USA Inc. and insurer Chartis Inc. told an Indiana federal judge on Monday they had resolved Technicolor’s suit seeking indemnification from Chartis for the $6 million environmental cleanup of three of its film-processing laboratories.

The parties first told the court in September that they had reached a settlement that was to be finalized in mid-November. They asked to push to Nov. 19 the deadline to file their joint motion to dismiss the suit with prejudice. Details of the finalized settlement, which brings to a close the...
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