18 mai 2021 - INSURANCE 18 May 2021 New Travelers Agreement

Description:

As of February 2021, Charlson Bredehoft had allegedly already exhausted the purported fee cap of $2,500,000, but trial remained more than a year away. Rather than holding Charlson Bredehoft to the June 2020 agreement, on May 18, 2021 Travelers entered into a new agreement with Charlson Bredehoft pursuant to which it vitiated the original purported "capped fee" and agreed to continue to pay Charlson Bredehoft ongoing fees and costs. On information and belief, by way of the new May 18, 2021 agreement, Travelers exercised its right under Civil Code § 2860 to limit payments to Charlson Bredehoft to "the rates which are actually paid by" it "to attorneys retained by it in the ordinary course of business in the defense of similar actions in the community where the claim arose or is being defended"
, and then only on a going-forward basis.

SOURCE:
US CA Court Documents:
Amber Heard Insurance Companies Document 98 pp 21-22

Ajouté au bande de temps:

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