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HIGHLANDS INS. GROUP v. HALLIBURTON CO.

C.A. No. 17971.

852 A.2d 1 (2003)

HIGHLANDS INSURANCE GROUP, INC., a Delaware corporation, and Highlands Insurance Company, a Texas corporation, Plaintiffs, v. HALLIBURTON COMPANY, a Delaware corporation, and Kellogg Brown & Root, Inc., a Delaware corporation, Defendants.

Court of Chancery of Delaware, New Castle County.

Decided: December 31, 2003.

Attorney(s) appearing for the Case

Stephen E. Herrmann, Daniel A. Dreisbach, Richards, Layton & Finger, P.A., Wilmington, DE; William C. Wilkinson, John T. Sunderland, O. Judson Scheaf, III, Thompson Hine, L.L.P., Columbus, OH, for the Plaintiffs.

Richard D. Allen, James G. McMillan, III, Morris, Nichols, Arsht & Tunnell, Wilmington, DE; Harry M. Reasoner, John L. Murchison, Jr., Karl S. Stern, Bruce A. Blefeld, Vinson & Elkins, L.L.P., Houston, TX; Michael G. Zanic, Kirkpatrick & Lockhart, L.L.P., Pittsburgh, PA, for the Defendants.

OPINION

LAMB, Vice Chancellor.

I.

In an earlier opinion, the court held that certain insurance policy contracts between the parties to this litigation expired upon the occurrence of a corporate restructuring in which they were involved. The insurer has now moved for summary judgment seeking to recover sums it paid after the restructuring in the mistaken belief that those policies continued in force.

Based on the earlier opinion and...

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