Transit Rulings Nixed In Wake Of High Court Decision

Law360, New York (October 1, 2010, 5:55 PM EDT) -- A federal appeals court has vacated two lower court decisions related to a train derailment in light of the U.S. Supreme Court's June ruling that laid out which law governs insurance disputes over goods destroyed in transit.

At issue in the cases was whether contracts between railways and the companies that hired them were governed by the Carriage of Goods by Seas Act, which regulates contracts issued by ocean carriers engaged in foreign trade and allows the parties to choose venues to litigate disputes, or the...
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