Flintkote Keeps Asbestos Coverage Disputes In Arbitration

Law360, New York (October 3, 2013, 6:20 PM EDT) -- Bankrupt construction products purveyor Flintkote Co. on Monday succeeded in pushing Aviva PLC and a British subsidiary into arbitration over more than $20 million in disputed asbestos liability coverage, with a Delaware judge binding Aviva to an arbitration agreement it never signed.

U.S. District Judge Leonard P. Stark determined that since Aviva had exploited a global mediation between Flintkote and other insurers for its own benefit, it was estopped from invoking a 1989 pact with the company that called for coverage disputes to be resolved exclusively...
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.