Judge Permits Claim For Implied-In-Fact Contract To Proceed Against Reinsurers

(November 19, 2018, 10:48 AM EST) -- WASHINGTON, D.C. — A District of Columbia federal judge on Nov. 16 allowed a financial services company to amend its complaint to assert claims against reinsurers for breach of an implied-in-fact contract, promissory estoppel and unjust enrichment in its case seeking to recover a $26 million arbitration award (Vantage Commodities Financial Services I, LLC v. Assured Risk Transfer PCC, LCC, et al., No. 17-01451, D. D.C., 2018 U.S. Dist. LEXIS 195588)....