Insurer denying liability in JSW Steel antitrust case
Jun 04, 2014 | 05:11 PM
| Michael Cowden
CHICAGO JSW Steel (USA) Inc.s insurance firm claims it does not owe the steel plate and pipe maker for damagespotentially totaling tens of millions of dollarsresulting from alleged violations of U.S. antitrust laws.
New York-based Chartis Specialty Insurance Co. said the policies it issued to JSW Steel (USA) contain exclusions for "knowing violation" of anothers rights as well as for punitive damages, according to documents filed June 2 in U.S. District Court in Texas. "No Texas law makes a knowing violation of the Sherman Act multiple-damage award....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.