Dresser Industries, Inc. v. Underwriters at Lloyd's, London
Texas Court of Appeals, 6th District (Texarkana)
1Opinion of the Court
OPINION
Opinion by
Justice CARTER.
Background
In 1989, Dresser Industries, Inc. was sued by Parker and Parsley for fraud and negligence in providing well servicing operations. Dresser defended the federal court suit and was found liable for both fraud and negligence, and was assessed damages of $185 million. However, the federal court case was reversed. A similar suit was then filed in state court. The case was settled with Parker and Parsley for $115 million. By this time, Dresser called on its insurance companies to provide coverage for the Parker and Parsley claims. Dresser also had an excess…
2Cases cited29 opinions
- Nixon v. Mr. Property Management Co.Texas Supreme Court · 1985
- City of Houston v. Clear Creek Basin AuthorityTexas Supreme Court · 1979
- McConnell v. Southside Independent School DistrictTexas Supreme Court · 1993
- Johnson & Higgins of Texas, Inc. v. Kenneco Energy, Inc.Texas Supreme Court · 1998
- State Farm Fire & Casualty Co. v. S.S.Texas Supreme Court · 1993
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- Lajonte James v. State, Texas Court of Appeals, 6th District (Texarkana)2001
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