By Carolina Bolado – Law360, Miami (April 29, 2024, 9:59 PM EDT)
A Florida-based aircraft leasing company has pushed back on its insurers’ request to pause its coverage suit for $700 million worth of airplanes reappropriated by Russian airlines after the Ukraine war began, saying the insurers’ own litigation against reinsurers should have no bearing on its coverage claims.
Carlyle’s attorney Steven Marks said the defendants have “engaged in bad faith conduct by refusing to honor” his client’s valid insurance claims.
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