Judge Says Insurer Owes Pesticide Company Under 1984 Settlement Agreement

(March 16, 2016, 1:41 PM EDT) -- NEW YORK — Noting that when a pesticide company formulated a settlement with a reinsurer to pay past due amounts from an earlier settlement the company became aware that one of its insurers also owed it under the earlier settlement, a federal judge in New York on March 11 found that the insurer and its successor are bound by the earlier settlement agreement (Olin Corp. v. Insurance Company of North America, et al., No. 84-1968, S.D.; N.Y. 2016 U.S. Dist. LEXIS 32079).

(Opinion available. Document #12-160318-012Z.)...
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