Pennington Lawson Announces $41 Million Environmental Insurance Coverage Settlement
Pennington Lawson LLP is pleased to announce a $41 million settlement in favor of a longstanding real estate client. The settlement concludes a twelve-year struggle, capped by five years of litigation in federal court, with the client’s environmental insurance carrier, Steadfast Insurance Company. Steadfast is a part of the global Zurich family of insurance companies. In addition to the settlement, the firm prevailed in recovering discovery sanctions against Steadfast.
Beth Pennington, Pennington Lawson’s co-founding partner, has represented the client in connection with numerous matters, including the insurance policies at issue in the litigation, for the past sixteen years. Ryan Werner of Pennington Lawson was lead litigation counsel.