|
|
Article: TETRA Technologies, Inc. Announces Insurance Claims Settlement.
- Article from:
- Business Wire
- Article date:
- October 14, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
THE WOODLANDS, Texas -- TETRA Technologies, Inc. (TETRA or the Company) (NYSE:TTI) today announced the settlement of essentially all of its claims in the lawsuit entitled Maritech Resources, Inc. v. Certain Underwriters and Insurance Companies at Lloyd's London subscribing to Policy no. GA011150U, Neuman, Martin and Buchan, and Steege Kingston. Under the settlement, TETRA's subsidiary Maritech Resources, Inc. (Maritech) will receive approximately $40 million in cash within the next 30 days, which will bring Maritech's total insurance recovery related to 2005 Hurricanes Katrina and Rita to approximately $136 million.
Stuart M. Brightman, TETRA's President and ...
Related newspaper, magazine, and journal articles:
|
|
Article: Afternoon Alert for TETRA Technologies, Inc.
M2 Presswire;
May 7, 2007 ;
700+ words
... ... News: Afternoon Alert for TETRA Technologies, Inc.(C)1994-2007 ... COMMUNICATIONS LTD RDATE:07052007 TETRA Technologies is a smooth operator when ... refining and exploration. TETRA Technologies owns producing properties ...
|
|