Imperial Sugar "New" (IPSU)

[Frankiy]

New York (December 02, 2011, 3:23 PM ET) -- Imperial Sugar Co. has settled a suit against Ironshore Specialty Insurance Co. over several million dollars in potential coverage for litigation and liability stemming from a widespread 2010 sugar recall, Ironshore told a Texas federal court Thursday.

Imperial launched the lawsuit in January, claiming that Ironshore had wrongly denied coverage under its $25 million umbrella liability policy for claims customers had asserted against the sugar company over the July recall.

Ironshore's notice of settlement did not elaborate on the terms of the agreement, and attorneys for...
http://www.law360.com/insurance/articles/290056/imperial-sugar-resolves-insurance-battle-over-recall