8th Circ. Lets Insurer Off Hook For Forklift Co.'s Defense

Law360, New York (January 30, 2013, 6:18 PM EST) -- The Eighth Circuit on Wednesday upheld a lower court's ruling that Universal Underwriters Insurance Co. owes no coverage to a forklift retailer facing personal injury litigation because the company breached a cooperation clause in its policy.

Heubel Materials Handling Co. Inc. and Raymond Corp. had appealed the district court's order granting summary judgment to Universal on Heubel's claim for coverage under a Universal policy, but a three-judge Eighth Circuit panel nixed the companies' arguments.

Heubel and Raymond had argued that Heubel was absolved from performing under...
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.