2nd Circuit Rejects Direct-Benefits Estoppel Argument In Arbitration Bid

(December 12, 2023, 10:59 AM EST) -- NEW YORK — Affirming denial of a reinsurer’s petition to compel arbitration with a school district under an agreement the district is not party to, a Second Circuit U.S. Court of Appeals panel issued a Dec. 11 summary order ruling that the reinsurer didn’t “show that it may avail itself of the direct benefits estoppel theory under Texas law.”...

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