$22.5 Million Must Be Paid By Insurer for Enron-Related Cases.
The New York Supreme Court Appellate Division recently affirmed a lower court’s ruling that Twin City Fire Insurance Company must cough up $22.5 million to cover a portion of JPMorgan Chase’s defense costs and settlements in a host of lawsuits related to Enron’s collapse. The ruling came down on March 18, 2010.