Northrop Denied En Banc Hearing In Katrina Dispute

Law360, New York (April 3, 2009, 12:00 AM EDT) -- After the court previously found that the defense contractor’s policy “unambiguously” excluded flood losses, the U.S. Court of Appeals for the Ninth Circuit has denied Northrop Grumman Corp.’s request for a full-court rehearing of its coverage dispute with Factory Mutual Insurance Co. over about $1.26 billion in Hurricane Katrina damages.

On Thursday, the Ninth Circuit reissued its opinion from August, which reversed a lower court’s ruling in favor of Northrop and remanded the case for further proceedings, and denied the aerospace and shipbuilding company an en...
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.