Elliott Company defends against suit brought by insurer
Clients Elliott Company, Inc.
Jones Day is defending Elliott Company, Inc. in a lawsuit brought by the insurer asserting that it has no obligation to pay retroactive premiums arising from products made by another company before a corporation reorganization transferred certain assets to Elliott. Elliott argues that the insurer has policy rights only against Carrier Corporation, which obtained the policies to insure products made and sold by it before the reorganization.
The Travelers Indemnity Company v. Elliott Company, et al., Index No. 2005-7032 (N.Y. Supr. Ct., Onondaga Cty.)