Pill Maker Settles $100M Insurance Row Over Thailand Flood
Law360, New York (March 1, 2013, 8:56 PM EST) -- Pill maker Capsugel Holdings US Inc. on Thursday settled with three insurance companies it sued for over $100 million for limiting claims payouts after Capsugel’s production facility in Thailand was disrupted by flooding, according to an order filed in a New Jersey state court.
Capsugel voluntarily dismissed a suit it filed in December against Zurich American Insurance Co., Allianz Global Risks US Insurance Co. and XL Insurance America Inc. after settling for undisclosed terms, according to the order.
The Peapack, N.J.-based drug capsule manufacturer sued the insurers following massive rains that flooded Capsugel’s production facility in Ayutthaya, Thailand, in October 2011,...
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!