Illinois Court Denies Rehearing; Suit Stayed Pending Arbitration

CHICAGO - An Illinois appeals court has refused to reconsider its decision to stay a declaratory action filed by certain reinsurers of Boeing Co.'s captive insurer pending conclusion of a related arbitration, an Illinois appellate court has affirmed. Certain Underwriters at Lloyd's v. The Boeing Co., et al., No. 1-07-1667 (Ill. App., 3rd Div.)

In June, the Illinois Court of Appeal, Third Division, ruled that Boeing would be unduly prejudiced if the action were allowed to proceed because the reinsurers might gain access to documents that were restricted in the underlying arbitration. The court denied rehearing on Oct. 23.

Certain …