We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Swiss Re Suit Over Indemity Remanded

Law360 (May 7, 2009, 12:00 AM EDT) -- Swiss Reinsurance America Corp. may still be able to recover from PEC Contracting Engineers funds it lost in reinsuring an indemnification agreement, now that a federal appeals court has remanded a dispute over the arrangement.

The U.S. Appeals Court for the Third Circuit on Tuesday vacated and remanded a lower court's ruling, saying it was unclear whether Swiss Reinsurance was entitled to indemnification, or whether the agreement was enforceable.

Earlier, the U.S. District Court for the Western District of Pennsylvania had granted PEC's motion and denied...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.