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Defendant refuses to participate in arbitration - district court rules default
- Jorden Burt LLP
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- USA
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- April 30 2009
In an action arising out of a services agreement related to the construction of low-income tax-credit housing, plaintiff, The Youngs Company, filed a breach of contract action in the Northern District of Texas
AIG directors facing massive suit
- Jorden Burt LLP
- -
- USA
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- April 29 2009
In a recent opinion, the Delaware Court of Chancery ruled on several motions to dismiss in the AIG Consolidated Derivative Litigation
Judgments reversed by House of Lords in appeals asking whether coverage under a proportional facultative reinsurance contract is coextensive with coverage under the insurance contract
- Jorden Burt LLP
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- United Kingdom
- -
- September 8 2009
In an April 8, 2008 post, we reported on a UK Court of Appeals decision, Wasa International Insurance Co. v. Lexington Ins. Co., 2008 EWCA Civ. 150 (Feb. 29, 2008), reversing a lower court’s decision denying reinsurance coverage despite a follow the fortunes provision, based on a finding that the damages occurred outside the coverage period of the reinsurance, and despite the conclusion of a US court on the underlying claim finding liability for damage occurring outside the coverage period of the underlying policy
Eastern District of New York denies motion to amend: holds claim would be futile
- Jorden Burt LLP
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- USA
- -
- September 23 2009
On August 24, 2009, the Eastern District of New York ruled on plaintiff Callon Petroleum’s motion to amend its complaint by adding a statutory claim for punitive damages based on defendant National Indemnity’s bad faith failure to make a timely payment following the submission of the bond claim in the action
District court finds contracting parties in privity, dismisses third-party complaint
- Jorden Burt LLP
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- USA
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- September 22 2009
In the latest development of Guaranteed Trust Life’s ("GTL") suit for reinsurance benefits from First Student Programs, the Northern District of Illinois granted in full third-party defendant American United Life’s ("AUL") motion to dismiss
Federal court refuses to seal documents despite fact that proceedings were confidential under arbitral rules
- Jorden Burt LLP
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- USA
- -
- May 29 2009
A federal district court recently refused to seal various documents finding that the defendant failed to overcome the strong presumption in favor of access to judicial documents
Eighth Circuit affirms Bankruptcy Appellate Panel's interpretation of reinsurance agreement
- Jorden Burt LLP
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- USA
- -
- May 27 2009
As previously reported (31708 post), this case involves the interpretation of the terms of a reinsurance contract and the duties of the parties under that contract
Judgments reversed by House of Lords in appeals asking whether coverage under a propotional facultative reinsurance contract is coextensive with coverage under the insurance contract
- Jorden Burt LLP
- -
- United Kingdom
- -
- September 8 2009
In an April 8, 2008 post, we reported on a UK Court of Appeals decision, Wasa International Insurance Co. v. Lexington Ins. Co., 2008 EWCA Civ. 150 (Feb. 29, 2008), reversing a lower court’s decision denying reinsurance coverage despite a follow the fortunes provision, based on a finding that the damages occurred outside the coverage period of the reinsurance, and despite the conclusion of a US court on the underlying claim finding liability for damage occurring outside the coverage period of the underlying policy
Equitas business transfer scheme sanctioned
- Jorden Burt LLP
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- United Kingdom
- -
- September 10 2009
A UK court has entered judgment in an application brought by Equitas Ltd. and Equitas Insurance Ltd. for an order under section 111 of the Financial Services and Markets Act 2000 sanctioning a scheme for the transfer to Equitas Insurance Ltd. of the 1992 and Prior Business carried on at Lloyd’s
Court denies motion to compel arbitration finding ambiguity as to whether arbitration was exclusive remedy
- Jorden Burt LLP
- -
- USA
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- May 12 2009
On April 14, 2009, the United States District Court for the District of New Jersey denied Consolidated Services Group’s motion to compel arbitration under the terms of its agreement with plaintiff, Creative Marketing Alliance
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- Firm Name - Jorden Burt LLP
- Author - John Black