July 22, 2014 / 1:50 PM / 3 years ago

BRIEF-U.S. appeals court rules against Travelers in $500 mln asbestos case

July 22 (Reuters) - * U.S. appeals court reinstates order directing Travelers cos to pay

more than $500 million to asbestos plaintiffs -- court ruling * 2nd U.S. circuit court of appeals says U.S. district court judge erred in

finding that conditions requiring travelers’ payment had not been met * 2nd circuit directs that bankruptcy court judgment requiring Travelers to

make payment be reinstated * 2nd circuit decision relates to asbestos liabilities tied to travelers’

coverage of policyholder johns-manville

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below