Travelers Reaches Settlement Agreement with Benzene Defendant W.M. Barr & Co.

MEMPHIS, Tenn. –– A Tennessee federal court has dismissed an insurance dispute filed by Travelers (NYSE:TRV) against benzene defendant W.M. Barr & Co., after the parties indicated that they had reached a settlement agreement.

In a one-page order entered March 8 by the U.S. District Court for the Western District of Tennessee, the court noted that a recent joint motion of vacatur had confirmed a settlement had been reached.

“As such, the court orders this case dismissed with prejudice,” the order states.

In the joint motion for vacatur, filed March 6, the parties asked the court to vacate partial …