Judge Declines To Dismiss Or Arbitrate Implied Contract Claim Against Reinsurers

Mealey's (April 29, 2019, 12:37 PM EDT) -- WASHINGTON, D.C. — A District of Columbia federal judge on April 26 denied a request by reinsurers to dismiss or arbitrate a financial service company’s amended complaint concerning their breach of an implied-in-fact contract dispute over a $26 million arbitration award because there was no express agreement (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 70417)....