Judge Finds Lifting Stay Would Interfere With London Arbitration

Judge Finds Lifting Stay Would Interfere With London Arbitration

NEW ORLEANS - A Louisiana federal judge on Aug. 21 denied an insurer's request to lift the stay of a case so it could distribute the proceeds from the sale of a vessel, finding that lifting the stay would interfere with an arbitration pending in London (Mosaic Underwriting Service Inc., et al. v. Moncla Marine Operations LLC, et al., No. 12-2183, E.D. La.; 2013 U.S. Dist. LEXIS 118784).

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