United States Third Circuit
Ario v. The Underwriting Members of Syndicate 53 at Lloyds for the 1998 Year of Account, 09-1921
READ
In the Insurance Commissioner's motion (as liquidator on behalf of primary insurers) to confirm in part, and to vacate in part, the award of the liquidation proceedings, arising from a dispute between primary insurers and reinsurers involving their reinsurance treaties, district court's judgment is reversed in part, affirmed in part and remanded where: 1) removal was proper under 9 U.S.C. section 205; 2) the FAA provides the applicable vacatur standards and not those of the PUAA; 3) district court's confirmation of the arbitration award is affirmed; and 4) district court's denial of the motion to remand is affirmed, but its decision to grant Rule 11 sanctions for the motion to remand is reversed as the motion to remand was not patently lacking in merit.
Appellate Information
- Argued 03/10/2010
- Decided 08/18/2010
- Published 08/18/2010
Judges
Court
- United States Third Circuit
Counsel
- For Appellant:
- Deborah F. Cohen, Joseph M. Donley