Calif. High Court's 2nd Stab At Henkel Could Help M&A

Law360, New York (December 17, 2012, 9:41 PM EST) -- The California Supreme Court agreed last week to take up Fluor Corp.'s asbestos coverage battle and reconsider its 2003 ruling in Henkel Corp. v. Hartford, potentially moving to boost coverage for long-term claims and to nix the state's unusual barrier to transferring insurance rights during mergers, acquisitions and corporate restructurings.

The state high court on Wednesday granted Fluor's petition for review in a lawsuit against Hartford Accident and Indemnity Co., which asks whether an obscure California law from the 1870s lets a company freely assign its...
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