Phillips 66 Wants Insurer Sanctioned For $44M Award Appeal

Law360 (October 6, 2020, 5:31 PM EDT) -- German insurer HDI Global SE should be sanctioned for needlessly dragging out litigation, energy company Phillips 66 told the Second Circuit as it seeks to uphold a $44 million award covering settlements related to alleged groundwater pollution.

HDI is seeking to overturn a district court's May confirmation of the award based on a "distorted and incorrect construction of a single sentence," Phillips 66 wrote in its Monday sanctions motion, calling the appeal "frivolous."

The company responded to HDI's Sept. 2 brief to the circuit, in which the insurer claimed that a divided arbitration panel had allowed Phillips 66 to benefit from a...

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