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Underwriters Push Arbitration In $500M Oil Rig Payout Row

Law360 (April 13, 2018, 7:12 PM EDT) -- Syndicates of Lloyd’s of London who paid out $500 million to Chevron for a Gulf of Mexico oil rig that broke asked the Fifth Circuit on Thursday to kick its reimbursement dispute with rig engineers to arbitration, saying a Texas federal judge should have never weighed in on the merits of the claims because a valid arbitration clause existed. 

The underwriters urged the court to vacate U.S. District Court Judge Lee Rosenthal's order from July finding that Chevron USA's policy listed engineering firm FloaTEC LLC as an...
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Case Information

Case Title

Lloyd's Syndicate 457, et al v. FloaTEC, L.L.C.

Case Number



Appellate - 5th Circuit

Nature of Suit

3380 Other personal property damage

Date Filed

August 29, 2017

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