Texas Justices To Consider 3rd-Party Restitution To Insurers

Law360, New York (April 19, 2013, 4:51 PM EDT) -- The Texas Supreme Court on Friday agreed to take up the issue of whether an insurer can recover restitution from uninsured third parties, as well as the insured party, over a claim Gotham Insurance Co. was allegedly misled to pay in a dispute involving a 1997 oil and gas well blowout.

The Texas high court granted Gotham’s petition for review in its longstanding suit accusing Warren E&P, which does business as Pedeco Inc., of lying about sustaining actual damages from the well blowout when its noninsured...
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.