Anadarko's $100M Deepwater Defense Bid Revived In Texas
Law360 (January 25, 2019, 11:06 AM EST) -- The Texas Supreme Court on Friday revived Anadarko Petroleum Corp.'s bid to force Lloyd's of London underwriters to cover over $100 million it has spent defending against claims stemming from the 2010 Deepwater Horizon explosion and oil spill, finding that a key policy provision doesn't limit coverage for defense expenses.
Anadarko, which was a minority partner in the offshore well where the 2010 blowout occurred, convinced the Texas justices to upend a November 2016 decision by a state Court of Appeals panel in Beaumont that absolved the Lloyd's underwriters of any duty to cover Anadarko's defense costs.
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