High Court Refuses To Hear Insurer's Bankruptcy Arbitration Bid

Law360, New York (October 1, 2012, 1:30 PM EDT) -- The U.S. Supreme Court on Monday refused to take up Continental Insurance Co.'s appeal of a Ninth Circuit decision which gives bankruptcy courts broad discretion to veto arbitration agreements, such as one between the insurer and Thorpe Insulation Co. over asbestos claims.

In a brief order, the Supreme Court denied Continental's petition for a writ of certiorari without commenting on the matter. The insurer had brought a petition to the high court in April, challenging a precedential Ninth Circuit decision in January that found a bankruptcy...
To view the full article, register now.