Chancellor Punts Resolution Of Indemnification Dispute Involving $93M Judgment

(October 4, 2019, 3:44 PM EDT) -- WILMINGTON, Del. — A chancellor of the Delaware Chancery Court on Sept. 23 denied cross-motions for partial judgment on the pleadings filed by cigarette manufacturers that are disputing which party is responsible for a $93 million judgment for unpaid settlement payments, finding that both parties’ reasonable interpretations of a contract would lead to different results (ITG Brands LLC v. Reynolds American Inc., et al., No. 2017-0129, Del. Chanc.)....

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