Phillips 66's $44M Arbitration Win Against Insurer Upheld

Law360 (March 24, 2021, 6:32 PM EDT) -- The Second Circuit on Wednesday affirmed Phillips 66's $44 million arbitration award against German insurer HDI Global SE for coverage of settlements over a gasoline additive that polluted groundwater in multiple states.

The Second Circuit said U.S. District Judge Richard M. Berman didn't get it wrong by refusing to vacate the award based on an "end use" exception to a pollution exclusion, and that there wasn't anything legally insufficient in the arbitration panel's conclusion that "it would be 'unnecessary and impractical'" to require the petroleum giant's predecessor-in-interest, Tosco Corp., "to prove an end use that occurs out of its control and...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!