Posts tagged as:

Arbitration

Ninth Circuit Reinstates $6 Million Arbitration Award Against Lloyd’s

by Michael McGaughey on June 28, 2010

In Lagstein v. Certain Underwriters at Lloyd’s, London, __ F.3d __ (9th Cir. June 10, 2010), the Ninth Circuit ruled that a district court had erred when it vacated a $6 million arbitration award against Lloyd’s under a disability policy.  In doing so, the Ninth Circuit reaffirmed the extreme deference to be shown arbitration awards [...]

.................................................................................................................................................................
 Email This Post Email This Post  Print This Post Print This Post    Comment

Tagged as: , , , ,

Fraudulent Inducement Claim Not Subject To Arbitration Clause and $34 Million Verdict Upheld Against AIG

by Michael McGaughey on May 21, 2010

A district court recently reaffirmed a $34 million jury verdict against three subsidiaries of American International Group Inc. ( “AIG”), finding that a claim for fraudulent inducement brought by AXA Versicherung AG (“AXA”), as successor in interest to Albingia Versicherungs AG (“Albingia”), was not subject to the arbitration clauses found in the two reinsurance contracts at [...]

.................................................................................................................................................................
 Email This Post Email This Post  Print This Post Print This Post    Comment

Tagged as: , , , , , , , ,