LOKEN, Circuit Judge.
Esicorp, Inc. ("Esicorp") sued St. Louis Testing Laboratories, Inc. ("SLT") for negligence. SLT's liability insurer, Liberty Mutual Insurance Company ("Liberty Mutual"), refused to defend SLT. Esicorp and SLT then settled that lawsuit—which we shall call the underlying action—agreeing that most of SLT's settlement obligation could be recovered only from Liberty Mutual. Esicorp, suing on behalf of itself and SLT, then commenced this...
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