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Article: SPACEHAB Announces Dismissal of Lloyds of London Complaint.
- Article from:
- Business Wire
- Article date:
- June 2, 2005
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HOUSTON -- SPACEHAB, Incorporated (NASDAQ/NMS:SPAB), a leading provider of commercial space services, today announced that Certain Underwriters at Lloyds of London have agreed to drop their complaint against the Company and join with SPACEHAB in pursuit of its claims with NASA for reimbursement of loss for its Research Double Module in the STS-107 Space Shuttle Columbia accident.
Shortly following the space shuttle accident in February 2003, SPACEHAB received $17.7 million in insurance proceeds from the Underwriters, SPACEHAB's commercial insurers for the Research Double Module. In January 2004 the Underwriters filed a complaint seeking return of the money ...