Delaware Supreme Court Affirms Halliburton Insurance Ruling, Again

DOVER, Del. - The Delaware Supreme Court has denied a motion for reargument by Halliburton Co. following a ruling that upheld a lower court's decision relieving one of the company's insurers of its obligation to cover a portion of the company's asbestos liabilities. Halliburton Co. v. Highlands Insurance Group, Inc., No. 156, 2001 (Del. Sup. Ct.).

In a short opinion and mandate issued July 11, the state High Court said it has already thoroughly reviewed the New Castle County Chancery Court decision that determined that the Highland Insurance Group's obligation to cover Halliburton for its future liabilities ended when the …