August 29, 2022
A New York federal judge confirmed an arbitral award ordering Phillips 66 to pay back German insurer HDI Global SE over $725,000, but refused to confirm a second award establishing the timeline by which the petroleum company must submit claims to the insurer.
February 16, 2022
German insurer HDI Global SE wants a New York federal court to confirm an arbitration panel's finding that it isn't obligated to pay Phillips 66 additional funds until final judgments or settlements are inked to resolve three remaining states' claims over groundwater pollution linked to a gasoline additive.