Union Pacific's Suit Against AIG, Argo Derailed For Now
By Bibeka Shrestha
Law360, New York (July 15, 2013, 4:29 PM ET) -- A Nebraska federal judge on Friday halted Union Pacific Railroad Co.'s lawsuit seeking coverage under a contractor's policies with American International Group Inc. and Argo Group for a wrongful death settlement following a train crash, giving priority to a rival, insurer-filed Pennsylvania suit.
Dealing a blow to Union Pacific, U.S. District Judge Laurie Smith Camp decided to stay proceedings in Nebraska until the Pennsylvania federal court decides whether to dismiss the related suit.
Argo's Colony National Insurance Co. filed the Pennsylvania suit about a month before...