court-sue-generic

Michelin awarded over €2m in fraud case

Columbia, South Carolina – A US District Court has ruled that Federal Insurance Co. must pay Michelin North America Inc. nearly $2.5 million (€2.1 milion) in coverage for a theft from the tire maker’s retirement fund, doubling the amount Federal originally offered to pay Michelin.

Senior Judge Henry Herlong Jr. of the US District Court for the District of South Carolina issued an order denying Federal’s motion to dismiss the case and granting Michelin’s motion for summary judgment for Indianapolis-based Federal to pay Michelin an extra…

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