Law360, New York (February 03, 2012, 6:56 PM ET) -- The Second Circuit ruled Friday that the failure of arbitration panel members to disclose possible conflicts of interest in a proceeding between two insurers did not require a lower court to vacate the panel's award, reversing a lower court's ruling.
A New York federal judge erred when he vacated a ruling in favor of St. Paul Fire & Marine Insurance Co. in a liability dispute with Scandinavian Reinsurance Co. Ltd., the appeals court ruled, saying that two arbitrators' simultaneous service in a related proceeding did not...
2nd Circ. Rules Insurance Arbitrators Weren't Biased
To view the full article, take a free trial now.
