Chartis Loses Bid To Arbitrate $40M Cleanup Suit

Law360, New York (April 6, 2011, 7:56 PM EDT) -- A federal judge on Tuesday denied Chartis Inc.’s bid to force arbitration in a dispute over coverage of a $40 million environmental cleanup at the former Lowry Air Force Base in Colorado, saying that an arbitration clause in the insurance policy was ambiguous.

Judge Walker D. Miller of the U.S. District Court for the District of Colorado refused to stay or transfer the case, but did grant Chartis' request to toss a claim for breach of fiduciary duty, accepting the insurer's argument that Colorado law did...
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