Lloyd's Retracts Fraud Allegations In Spat With Calif. Tire Co.

Law360, London (April 9, 2021, 3:11 AM BST) -- Lloyd's of London underwriters have agreed to retract fraud allegations against a California tire company and settle their yearslong dispute over insurance coverage, according to a statement issued Thursday.

The underwriters had accused Horizon Tire Inc. of colluding with Washington, D.C.-based litigation boutique Weisbrod Matteis & Copley PLLC to inflate fees owed under an insurance policy. The case has bounced between state and federal court, most recently landing back in Los Angeles Superior Court where it was initially filed.

The underwriters, Horizon and Weisbrod Matteis have now reached an agreement to end the litigation, Horizon and the firm said in Thursday's...

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