Supreme Court Takes Overseas Shipping Contract Case

Law360, New York (October 20, 2009, 7:35 PM ET) -- The U.S. Supreme Court has agreed to hear Union Pacific Railroad Co.'s appeal in a case over whether private contracts should govern a dispute with parties including Regal-Beloit Corp. and PICC Property & Casualty Co. Ltd. over cargo damage from a 2005 train derailment on the inland U.S. leg of a shipment from China.

On Tuesday the Supreme Court granted two separate petitions for certiorari from Union Pacific and Japanese shipping company Kawasaki Kisen Kaisha Ltd. and consolidated the appeals.

Both petitions challenged a February 2009...
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