23rd Jan 2007 10:30
Royal & SunAlliance - Michigan Circuit Court Dismisses GM Complaint Royal & Sun Alliance Insurance Group plc welcomes the ruling of the MichiganCircuit Court that General Motors (GM) is not entitled to coverage for itsasbestos and environmental liabilities. The Court's decision to dismiss the complaint against Royal & SunAlliance USAconfirms R&SA's long-held resolve that GM's claim was without foundation. For further information: \* TAnalysts Press-------------------------------------------------------------------Shona Cotterill Phil Wilson-Brown-------------------------------------------------------------------Tel: +44 (0) 20 7111 7212 Tel: +44 (0) 20 7111 7047-------------------------------------------------------------------Andrew Wigg James Murgatroyd/Simon Moyse-------------------------------------------------------------------Tel: +44 (0) 20 7111 7138 Tel: +44 (0) 20 7251 3801-------------------------------------------------------------------\* T Notes to editors: 1. The Court has granted Royal US' pre-trial motion for summary dispositionbased on the statute of limitations. GM's complaint has been dismissed astime-barred. 2. The Court's decision is consistent with R&SA's view that there was no basisfor GM's claim. Royal US has maintained that it was clear from all dealings withGM over the past 30 years that both parties understood that there was nocoverage for these claims. 3. The dismissal of the claim means there will now be no coverage trial. Important Disclaimer This press release contains forward looking statements as defined in the U.S.Private Securities Litigation Reform Act of 1995. The forward looking statementsare based on management's current expectations or beliefs as well as a number ofassumptions about future events, and are subject to factors and uncertaintiesthat could cause actual results to differ materially from those described in theforward looking statements. The agreement is subject to the execution ofdefinitive documents by the parties. The Company does not assume any obligationto update any forward looking statements, whether as a result of newinformation, future events or otherwise. Copyright Business Wire 2007Related Shares:
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