A federal appeals court has upheld a $25.4 million jury award to oilfield operator Cox Operating LLC in a suit for damages from Hurricane Katrina , dismissing the Texas Supreme Court claim that the lower court misread New York insurance law when it calculated the interest.
A federal appeals court has upheld a $22.5 million jury award to oilfield operator Cox Operating LLC in a suit for damages from Hurricane Katrina, dismissing St Paul Surplus Lines Insurance Co's claim that the lower court misread Texas insurance law when it calculated the interest.