Cooper Asks To Nix Pepsi Challenge Of $308M Asbestos Deal

Law360, Houston (June 12, 2013, 8:32 PM EDT) -- Cooper Industries LLC told a Texas appeals court Tuesday that a suit alleging Cooper and a M&F Worldwide Corp. subsidiary struck a secret $308 million asbestos settlement that cut off contractual liability protections held by a PepsiCo Inc. unit should have been filed in New York.

In a petition for writ of mandamus, Cooper argued to the Fourteenth Court of Appeals that Pepsi-Cola Metropolitan Bottling Co. Inc.’s attack on Cooper’s 2011 settlement with Pneumo Abex LLC, which stemmed from litigation in New York, should not have...
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