Judge Denies Vacatur of $682,939 Attorneys' Fees Award
December 1, 2009
NEW YORK - A federal judge has refused to vacate a supplemental arbitration award of $682,939 in attorneys' fees and costs in favor of Odyssey America Reinsurance Corp., ruling that the award does not contravene the terms of the reinsurance treaty at issue or New York state law. National Union Fire Insurance Co. v. Odyssey America Reinsurance Corp., No. 05-7539 (S.D. N.Y.).
On Nov. 18, Judge Deborah A. Batts of the U.S. District Court for the Southern District of New York ruled that the treaty contains no choice-of-law provision that could be construed to evidence a clear intent to preclude …