INSURANCE
Live events sector

 

Foo Fighters have settled a lawsuit relating to a series of cancelled concerts during the band’s 2015 world tour. The American band were forced to cancel portions of their Sonic Highways world tour following lead singer Dave Grohl’s breaking his leg and, later, the November terrorist attacks in Paris.

 

The Central District Court of California has now dismissed a lawsuit by Foo Fighters which had accused London insurers of failing to cover losses incurred by concerts cancelled last year and accused the band’s own brokers of failing to adequately advise the band of the potential impact additional shows on London could have on their insurance claim” and that Robertson Taylor failed to adequately inform the band that, if it decided to add these shows to the Tour, the London Market Insurers would attempt to recharacterise the cancelled Wembley Stadium and BT Murrayfield Stadium performances” as being “rescheduled,” which would dramatically reduce the amount those insurers would owe in a claim saying their brokers sided with insurers.

 

The original complaint alleged “London market insurers’ inconsistent, erratic and unreasonable behaviour […] caused significant financial harm to Foo Fighters” by refusing to pay out under insurance policies

 

On Tuesday judge Manuel L. Real approved a voluntary dismissal of the case, requested by various Lloyd’s of London-based insurance companies, brokerage firm Robertson Taylor and the band, with each agreeing to pay their own legal costs.
No settlement terms were disclosed.

 

Foo Fighters, LLC v. Certain Underwriters at Lloyd’s, and Certain London Market Insurance Companies, et al

 

http://www.musicweek.com/news/read/foo-fighters-lawsuit-over-cancelled-shows-dismissed/066242
http://www.iq-mag.net/2016/10/foo-fighters-insurance-dispute-dismissed/#.WAH-QuArKM9