9th Circ. Rejects En Banc Bid In $450M Superior Case

Law360, New York (March 19, 2010, 6:21 PM EDT) -- A federal appeals court has let stand its affirmation of a $450 million arbitration award in favor of insolvent Superior National Insurance Co. in a dispute over reinsurance coverage for workers' compensation policies, denying a request by U.S. Life Insurance Co. for an en banc hearing.

A three-judge panel of the U.S. Court of Appeals for the Ninth Circuit on Friday said that it had voted to deny the request from U.S. Life, which had contended that the arbitrators who initially heard the case had violated...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.