Trustmark, Hancock Must Resume Arbitration: 7th Circ.

Law360, New York (January 31, 2011, 6:38 PM EST) -- Trustmark Insurance Co. and John Hancock Life Insurance Co. will resume arbitration in a long-running insurance dispute following a federal appeals court ruling Monday that Hancock's arbitrator is not conflicted out.

The arbitration, now in its second round, should go forward despite Trustmark's objection to Hancock's choice of arbitrator, a three-judge panel of the the U.S. Court of Appeals for the Seventh Circuit said.

The decision overturns a ruling from the U.S. District Court for the Northern District of Illinois, which found that Hancock's using the...
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.