Judge Lifts St. Vincent Stay For $30M In AIG Arbitration

Law360, Washington (March 4, 2014, 6:58 PM EST) -- A New York bankruptcy judge on Tuesday agreed to partially lift a stay in St. Vincent Catholic Medical Centers of New York's bankruptcy to allow American International Group Inc. affiliates to arbitrate four disputes totaling more than $30 million.

U.S. Bankruptcy Judge Cecelia G. Morris allowed AIG and National Union Fire Insurance Company to enter into arbitration with Saint Vincent, granting relief from the case's automatic stay, according to an order.

The disputes include arbitration over whether about $2.2 million in Saint Vincent losses owed by...
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