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Texas Justices Say $220M Cobalt Deal Is A Loss Under Policy

By Hope Patti (February 26, 2024, 6:22 PM EST) -- A $220 million settlement that now-bankrupt Cobalt International Energy Inc. reached with a group of investors constitutes a loss under the energy company's insurance policies, but the agreement is not binding on Cobalt's insurers to establish coverage, the Texas Supreme Court ruled....

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