Panel Affirms, Reverses Indemnity Rulings In Oil Well Blowout Dispute

(February 24, 2020, 2:11 PM EST) -- NEW ORLEANS — In a dispute arising out of an oil well blowout, the Fifth Circuit U.S. Court of Appeals on Feb. 21 affirmed in part and reversed in part a lower court’s entry of summary judgment on contractual indemnity and liability issues involving a rig’s charterer and its subrogated insurers’ product liability claims against a refurbisher of the rig’s blowout-prevention components (Certain Underwriters at Lloyd’s, London, et al. v. Axon Pressure Products Inc., et al., No. 18-20453, 5th Cir., 2020 U.S. App. LEXIS 5373)....

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