02/13/2012 10:42:19 AM EST
Surety Bond Reinsurer Tell 2nd Circuit Bond Holder Cannot Recover From Reinsurer
NEW YORK A surety bond holder lacks contractual privity with the bond's reinsurer, the reinsurer argues in a Feb. 8 brief to the Second Circuit U.S. Court of Appeals (Callon Petroleum Company v. National Indemnity Company, No. 11-0241, 2nd Cir.).
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