Travelers Has To Defend Magnetek In Monsanto PCB Suits
Law360 (July 11, 2019, 7:30 PM EDT) -- An Illinois federal judge found Thursday that Travelers Indemnity Co. is on the hook to defend Magnetek Inc. in a slew of lawsuits over Monsanto Co.'s production of polychlorinated biphenyls, or PCBs.
The industrial technology company says it gained insurance coverage from Travelers when it acquired Universal Manufacturing Corp., which was insured by Travelers, from Fruit of the Loom in 1986. Past settlement agreements — including one with FOTL in 2004 that Travelers claimed released it from all obligations under the UMC policies — don't relieve the insurer of its responsibility, U.S. District Judge Robert W. Gettleman found.
"The problem with...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!