Insurer Fights CIT Bond Ruling In Fed. Circ.

Law360, New York (March 10, 2011, 5:16 PM EST) -- Hartford Fire Insurance Co. argued before the Federal Circuit on Thursday, saying the U.S. Court of International Trade should have exercised jurisdiction over its suit aiming to recoup more than $270,000 in surety bonds.

The CIT should have declared that the bonds Hartford issued to China-based importer Sunline Business Solution Corp., which was busted for evading anti-dumping duties on crawfish tail meat, were unenforceable, Hartford attorney Frederic D. Van Arnam Jr. told a three-judge panel of the U.S. Court of Appeals for the Federal Circuit....
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