2nd Circuit Panel Remands Judgment In Contamination Dispute For Proper Allocation

Mealey's (July 19, 2017, 4:05 PM EDT) -- NEW YORK — The Second Circuit U.S. Court of Appeals on July 18 vacated and remanded a judgment entered against an insurer in an environmental contamination coverage dispute after determining that the damages must be allocated in accordance with the all sums, vertical exhaustion method outlined in a 2016 decision by the New York Court of Appeals (Olin Corp. v. OneBeacon America Insurance Co., et al., No. 15-2047, 2nd Cir., 2017 U.S. App. LEXIS 12939)....

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