Phillips 66 Misleading Court In Sanctions Bid, Insurer Says

Law360 (October 16, 2020, 8:42 PM EDT) -- German insurer HDI Global SE has told the Second Circuit that Phillips 66 made a misleading attempt to play victim with a sanctions motion that tries to paint a reasonable appeal as "delaying the inevitable" payment of a $44 million arbitration award.

The insurer told the court Thursday that despite Phillips' contention that it is just delaying its payment of the award, it has already wired millions to the oil refiner as it awaits the outcome of the appeal.

The company said Phillips' motion falls far short of the considerable burden of proof required for a successful sanctions motion, which must show...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!