Law360 (May 9, 2019, 9:08 PM EDT) -- A more than $1 million dispute over commercial property damage caused by Hurricane Harvey has been settled through mediation, according to a filing Thursday in Texas federal court.
Morteza Shafinury, who owns several commercial properties in Texas, had sued a group of insurers and underwriters at Lloyd's of London in Texas state court after they allegedly refused to pay for damage caused by the 2017 storm. The insurers and underwriters then removed the suit to federal court in January, citing an arbitration clause, according to earlier filings.
The amounts or terms of the settlement weren’t disclosed.
Shafinury alleged that wind gusts...
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