Law360, New York (October 07, 2009) -- A federal appeals court has remanded a $34 million verdict against American International Group Inc. and its subsidiaries for fraud involving reinsurance contracts, saying a lower court must address AIG's assertion that it never waived its right to arbitration.
The U.S. Court of Appeals for the Second Circuit issued a summary order Tuesday sending the award in favor of AXA Versicherung AG back for reconsideration of the arbitration claim,...
