Delaware Chancery Court Interprets New York Law To Apply "All Sums" Method Of Allocation In Asbestos Bodily Injury Coverage Action.
Mondaq Business Briefing › Nbr. 2009, January 2009
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Delaware Chancery Court Interprets New York Law To Apply "All Sums" Method Of Allocation In Asbestos Bodily Injury Coverage Action.
On October 14th, a Delaware Court of Chancery judge issued an 88-page opinion granting summary judgment to two insureds, Warren Pumps LLC ("New Warren") and Viking Pump, Inc. ("New Viking"), on critical issues of allocation and a corporate successorship. Viking Pump, Inc. v. Century Indem. Co., C.A. No. 1465 (VCS) (Del. Ch. October 14, 2009). Vice Chance...
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