2nd Circ. Denies Superdome Owner Arbitration Bid

Law360, New York (November 23, 2010, 2:16 PM EST) -- A federal appeals court has denied efforts by the Louisiana Stadium and Exposition District, the owner of the Superdome in New Orleans, to force a Merrill Lynch & Co. Inc. subsidiary into arbitration to resolve a dispute over bonding to fund stadium repairs after Hurricane Katrina.

In an opinion Monday, the U.S. Court of Appeals for the Second Circuit agreed with a lower court's ruling that LSED and the state of Louisiana, another named plaintiff, waived any right to arbitration by pursuing the litigation for nearly...
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