Boeing Off The Hook In 2 Satellite Arbitration Cases

Law360, New York (February 10, 2009, 12:00 AM EST) -- Boeing Co. has said it received favorable rulings in two arbitration proceedings that were brought by insurers seeking hundreds of millions of dollars in damages based on allegations including breach of contract and breach of warranty in connection with Boeing satellites.

On Feb. 4, an arbitration panel in the International Centre for Dispute Resolution — the international division of the American Arbitration Association — rejected a claim for $240 million brought by insurers for Space Communications Corp., Boeing said in a form 10-K filed with the...
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