Lloyd's Colluded With Shipmaker In Mediation, Suit Claims

Law360, Washington (September 23, 2013, 1:56 PM EDT) -- A Marshall Islands-based cruise company launched a lawsuit in Texas federal court on Friday against Lloyd’s Register North America Inc. alleging the company colluded with a shipbuilder to falsely represent a vessel's compliance with maritime safety laws at an arbitration proceeding.

Pearl Seas Cruises LLC claims it hired Lloyd’s in 2008 to certify that a ship it planned to purchase from Irving Shipbuilding Inc. met all regulatory approvals needed for operation, but that Lloyd’s later colluded with Irving to misrepresent the ship’s quality after a dispute...
To view the full article, register now.