'Winter Storm' Reversal Starts Avalanche In SDNY

Law360, New York (November 24, 2009, 2:04 PM EST) -- In just one example of real-world fallout from the U.S. Court of Appeals for the Second Circuit's reversal of precedent set in the so-called Winter Storm appellate case, a federal judge has ordered a shipping company plaintiff to release money withheld from Panama-based Universal Oil Ltd. in a shipping fuel contract fight.

Judge John G. Koeltl's order, docketed Monday in the U.S. District Court for the Southern District of New York, ordered Luckyfield Shipping Corp. SA to return more than $88,000 to the oil company or...
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