Bank's Safeco Suit Stayed Pending Arbitration

Law360, New York (June 8, 2009, 12:00 AM EDT) -- A federal judge has postponed a South Carolina bank’s suit against Safeco Insurance Co. of America while the parties work out an arbitration agreement to resolve a dispute over certain construction costs from a multimillion-dollar renovation of a Myrtle Beach hotel.

Judge R. Bryan Harwell approved a joint motion to stay the case on Monday in the U. S. District Court for the District of South Carolina, giving the National Bank of South Carolina and Safeco 90 days to find three neutral special masters to conduct...
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