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YOUELL v. EXXON CORP.

No. 848, Docket 94-7691.

48 F.3d 105 (1995)

John Richard Ludbrooke YOUELL, an underwriter at Lloyd's London for himself and as a representative of those other Underwriters at Lloyd's London severally subscribing to certain Global Corporate Excess Insuring Agreements at issue and the following London Market Insurance Companies and other international Underwriting entities, also severally subscribing to the Insuring Agreements at issue, each on their own behalf and not for the other; et al., Plaintiffs-Appellants, v. EXXON CORPORATION, Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided February 21, 1995.

Attorney(s) appearing for the Case

William F. Cavanaugh, Jr., New York City (Harold R. Tyler, Jr., Lisa C. Cohen, Roosevelt N. Nesmith, Patterson, Belknap, Webb & Tyler, New York City, Richard W. Palmer, Frank P. DiGiulio, H. Coleman Switkay, Palmer Biezup & Henderson, Philadelphia, PA, of counsel), for plaintiffs-appellants.

James H. Carter, New York City (Tariq Mundiya, Steven S. Drachman, Sullivan & Cromwell, New York City, Robert N. Sayler, Brice M. Clagett, Mitchell F. Dolin, Covington & Burling, Washington, DC, Charles A. Beach, Irving, TX, of counsel), for defendant-appellee.

Before: MAHONEY, McLAUGHLIN, and HEANEY, Circuit Judges.

McLAUGHLIN, Circuit Judge:

Exxon Corporation sued its insurers (the "Underwriters") in a Texas state court, seeking reimbursement for losses and liabilities arising from the tragic grounding of its oil tanker, the Exxon Valdez. Though Exxon was headquartered in New York when the Valdez ran aground, it relocated to Texas before filing suit. The several Underwriters, with their various headquarters around the globe, doubtless feared the home-court advantage...

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