COURT ORDERS STAY IN B.D. COOKE v. LLOYDS
In the latest development in the dispute between B.D. Cooke & Partners and Lloyd’s of London, the Southern District of New York stayed litigation pending arbitration of the dispute. B.D. Cooke was directed to inform the Court within 30 days and every three months thereafter as to the status of the arbitration proceedings. If no timely response is received, the Court may dismiss the action pursuant to Fed. R. Civ. P. 41(b). B.D. Cooke & Partners Ltd. v. Certain Underwriters at Lloyd’s London, Case No. 08-3435 (S.D.N.Y. Apr. 13, 2010).
This post written by John Black.
