11th Circ. Says Duo Must Seek $3M Crash Payout In Germany

Law360, New York (April 17, 2013, 6:55 PM EDT) -- The Eleventh Circuit ruled Wednesday that a couple who secured a $3 million crash-related settlement from a German aircraft maker and who seek to recover those damages from the company’s insurer are bound by the policy to try the case in Germany.

After entering a consent decree with sport plane manufacturer Remos Aircraft GmbH over a January 2009 crash, Michael and Tracie Kostelac now “stand in the shoes” of Remos in their bid to recover the $3 million damages award from Allianz Global Corporate & Specialty...
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.