BNSF Slams WR Grace, Arrowood Insurance Settlement

Law360, New York (January 5, 2010, 3:13 PM EST) -- BNSF Railway Co. has blasted a bankruptcy judge's approval of a settlement with an insurer in materials company W.R. Grace & Co.'s Chapter 11 proceedings, saying in its pending appeal that it wants to retain its rights to pursue certain insurance coverage laid out in Grace's reorganization plan.

Arrowood Indemnity Co. has disingenuously stated to the court that BNSF agreed to dismiss its appeal without condition and indicated that the appeal should be dismissed immediately, BNSF said in its brief in support of the appeal in...
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