Petroterminal Entitled To $2M Defense Costs, 2nd Circ. Told
By Jeff Sistrunk ( April 28, 2016, 2:10 PM EDT) -- Oil handling and storage company Petroterminal de Panama SA urged the Second Circuit Wednesday to reverse a New York federal court's ruling that it must repay its insurers for nearly $2 million in defense costs they shelled out in a suit tied to an oil spill at one of its facilities, arguing that the policies don't allow for reimbursement....
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