5th Circ. Upholds Engineer's Win In $500M Chevron Rig Suit
By Jeff Sistrunk ( April 17, 2019, 10:34 PM EDT) -- The Fifth Circuit on Wednesday affirmed the dismissal of Lloyd's of London underwriters' claims that engineering firm FloaTEC LLC should be held liable for the $500 million they paid to Chevron following the failure of an offshore oil rig, saying those claims are clearly barred by a provision in the energy giant's insurance policy....
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