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Actionable news in WMT: WAL-MART STORES Inc,

Wal-Mart, insurers settle lawsuits over 2014 Tracy Morgan crash

Aug 7 (Reuters) - Wal-Mart Stores Inc has settled a lawsuit by two insurers that sought to avoid covering its multi-million-dollar payout to comedian Tracy Morgan for injuries he suffered in a 2014 crash involving one of the retailer's trucks.

U.S. District Judge Freda Wolfson in Trenton, New Jersey, on Monday ordered the dismissal of all claims against Wal-Mart by Ohio Casualty Insurance and Liberty Insurance Underwriters, and all counterclaims by Wal-Mart against the insurers.

Terms of the settlement are confidential, and both sides agreed not to bring their claims again.

"We are pleased to have resolved this matter," Wal-Mart spokesman Randy Hargrove said in an email.

The accord...


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