Litigation Partner William J. Holley II and Litigation Associate Dmitry Epstein successfully represented Truist Financial Corp. in a federal Third Circuit appeal raising important issues regarding the interplay between traditional insurance principles and specific indemnity provisions negotiated by an insured and a third party.

The Third Circuit affirmed that Houston Casualty Company cannot recover $5 million in insurance proceeds because the language in the controlling indemnity agreement trumped traditional subrogation principles asserted by Houston Casualty.

This case was covered in Law360. To read the full article, please click here (subscription required).