Insurer’s Liquidator Seeks Vacating, Modification Of Reinsurer’s Arbitration Award

(May 7, 2019, 12:36 PM EDT) -- CHICAGO — An insolvent insurer’s liquidator asked an Illinois federal court on May 3 to vacate or modify a $437,000 attorney fees award in a reinsurer’s case seeking confirmation of that award because the arbitration panel “exceeded their powers” and the award “manifestly disregards the law” (Catalina Holdings (Bermuda) Ltd. v. Jennifer Hammer, No. 18-5642, N.D. Ill.)....