CIT Won't Halt Repayment Of Peanut Duties To Insurer

Law360, New York (January 13, 2012, 8:10 PM EST) -- The U.S. Court of International Trade on Wednesday refused to stop International Fidelity Insurance Co. from enforcing a Texas federal court's order directing Sweet Little Mexico Corp. to repay the $1.6 million it shelled out to cover duties on peanuts for the importer.

Judge R. Kenton Musgrave denied SLM's bid for a preliminary injunction preventing International Fidelity from collecting until the CIT had resolved disputes with U.S. Customs and Border Protection over whether the duties were properly levied on the importer's peanut shipments.

International Fidelity paid...
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