Reinsurers Denied Reconsideration In Financial Company’s $26M Arbitration Award Case

Mealey's (January 18, 2019, 12:32 PM EST) -- WASHINGTON, D.C. — Denying reconsideration of an earlier ruling, a District of Columbia federal judge on Jan. 17 allowed a financial service company to proceed on breach of an implied-in-fact contract, promissory estoppel and unjust enrichment claims against reinsurers in a dispute over 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., 2019 U.S. Dist. LEXIS 8059)....