Bid-Rigging Claims Against AIG Sent To Arbitration

Law360, New York (November 19, 2009, 2:42 PM EST) -- A New Jersey state appeals court has reversed a ruling barring American International Group Inc. from compelling arbitration in an insurance contract dispute alleging bid-rigging from EPIX Holdings Corp., holding that AIG, while not a party to the contract, has standing to enforce its terms as parent company to one of the contractual parties.

A three-judge panel in the New Jersey Superior Courts' Appellate Division passed down an opinion Tuesday giving AIG the right to send the matter to arbitration, simultaneously rejecting EPIX's contention that bid-rigging...
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