N.Y. Federal Judge Won't Reconsider Judgment Against Insurer In Environmental Suit

Mealey's (August 31, 2015, 1:42 PM EDT) -- NEW YORK — A New York federal judge overseeing Olin Corp.’s environmental coverage litigation on Aug. 28 denied OneBeacon Insurance Co.’s motion to reconsider a judgment entered against it and reiterated that the insurer is responsible for approximately $5.4 million, which includes prejudgment interest, on the past costs associated with environmental contamination at one of the insured sites (Olin Corp. v. Insurance Company of North America, et al., No. 84-1968, S.D. N.Y.; 2015 U.S. Dist. LEXIS 114775).

(Opinion available. Document #03-150902-006Z.)

In 1984, Olin filed a...
To view the full article, register now.