A Louisiana federal court officially dismissed a $4.6 million dispute involving Goodyear Tire & Rubber Co., Michelin North America Inc. and the companies' insurers over water damage to bales of rubber, saying the parties have fully settled their claims against CEVA Logistics companies and a New Orleans port operator.

The court's dismissal with prejudice Thursday comes after the court previously dismissed the entire action without prejudice in July, further providing a 60-day deadline for the parties to officially consummate the settlement, court records show. The parties then sought to extend the court's 60-day deadline in September, and finally sought dismissal again on Wednesday.

"It is the undersigned parties' intent by this joint motion to dismiss all remaining claims in this litigation with prejudice, pursuant to compromise," the parties said in that latest motion.

According to court filings, Michelin, Goodyear, affiliated entities and their insurers kicked off the dispute in November 2022, later amending their claims against various CEVA Logistics companies and Coastal Cargo Co. LLC, a New Orleans port operator, in September 2023. They alleged that after Goodyear hired CEVA to transport more than 108,000 bales of rubber from Southeast Asia to New Orleans in 2021, and Michelin more than 15,000 bales, the rubber shipments were delivered in a "wet and water-damaged condition."

The tire companies and their insurers further alleged that after CEVA transferred the rubber to Coastal Cargo,

Goodyear said the total value of its damaged rubber was more than $4.2 million, though the company was able to sell some of the damaged rubber but also incurred additional storage and mitigation costs, which it said were further covered by Navigators Insurance Co. All told, Goodyear and Navigators said, they suffered a "total adjusted loss" of more than $3.6 million.

Michelin, meanwhile, similarly alleged that the value of its damaged rubber was more than $1.3 million, able to sell some of the damaged goods but also incurred additional storage and mitigation costs, were further covered by HDI Group. Those parties said they suffered a total adjusted loss of more than $950,000.

The defendants also lodged claims against each other, arguing that they didn't cause the water damage at issue.

The parties' dismissal motion Wednesday further specified that the remaining claims involved Goodyear's and Navigators' losses.

A representative of the plaintiffs declined to comment.

Representatives of the defendants did not immediately respond to a request for comment Friday.

The tire companies and their insurers are represented by Christopher E. Carey and David L. Carrigee of Pugh Accardo LLC and by G. Geoffrey Robb and Michelle L. Tommey of Gibson Robb & Lindh LLP.

The CEVA Logistics entities are represented by Andrew R. Spector and Spencer J. Wellborn of Spector Rubin PA and by Frederick W. Swaim III and Brendan N. Hughes of Galloway Johnson Tompkins Burr & Smith.

Coastal Cargo is represented by Peter B. Sloss and Brittney I. Esie of Murphy Rogers Sloss Gambel & Tompkins.

The case is Goodyear Tire and Rubber Co. et al. v. CEVA Logistics Singapore PTE LTD et al., case number 2:22-cv-04561, in the U.S. District Court for the Eastern District of Louisiana.