Forum Clause Nixed In Ameren's $32M Reservoir Collapse Suit

Law360, New York (September 20, 2013, 4:49 PM ET) -- A Missouri federal judge refused Thursday to enforce policy language requiring Ameren UE to pursue in New York its $32 million dispute with an excess insurer over a catastrophic reservoir wall collapse, holding that honoring the forum selection clause would violate Missouri's public policy on arbitration.

Energy Insurance Mutual Ltd. was unable to dismantle the suit with the argument that the U.S. Southern District of New York was the proper place for Ameren's lawsuit, which seeks coverage under a second-layer excess policy.

While the Missouri federal...
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