Insurer Needn't Cover Catalent's $10M Shutdown Loss Claim
By Jeff Sistrunk ( February 24, 2017, 4:54 PM EST) -- A New York federal judge held Friday that U.S. Specialty Insurance Co. doesn't have to cover Catalent Inc.'s claim for more than $10 million in losses due to a five-month suspension of softgel capsule manufacturing at its facility in France, finding that no covered loss occurred within the terms of the pharmaceutical company's policy....
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