One could call it the sweet smell of (legal) success.
Givaudan Fragrances Corporation was sued for alleged environmental contamination from a manufacturing site that a related corporate entity operated in a facility in Clifton, N.J., from the 1960s through 1990.
Givaudan sought insurance coverage for the environmental claims, which had been initiated due to the actions of the N.J. State Department of Environmental Protection (DEP) and, later, the U.S. Environmental Protection Agency (EPA), concerning discharges that had occurred during the policy periods running through Jan. 1, 1986. Givaudan claimed that various insurance companies wrote primary, excess or umbrella liability insurance policies during those years, and that it was entitled to have the insurers provide it with coverage for that environmental liability by operation of a post-loss assignment of the insurance rights in its favor.
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