Mealey's (October 10, 2019, 12:18 PM EDT) -- NEW ORLEANS — The Fifth Circuit U.S. Court of Appeals on Oct. 3 held that primary and excess management liability insurers did not timely remove an insured’s lawsuit seeking coverage for an underlying $220 million securities class action settlement, affirming a lower federal court’s grant of the insured’s motion to remand to a Texas court (Cobalt International Energy, Incorporated, et al. v. Alterra America Insurance Company, et al., No. 19-20519, 5th Cir., 2019 U.S. App. LEXIS 29746)....