YASUDA FIRE & MARINE INS. v. CONTINENTAL CAS. CO.

Nos. 94-1197, 94-1986.

37 F.3d 345 (1994)

The YASUDA FIRE & MARINE INSURANCE COMPANY OF EUROPE, LTD., Plaintiff-Appellant, v. CONTINENTAL CASUALTY COMPANY, a CNA Group Company, Defendant-Appellee. CONTINENTAL CASUALTY COMPANY, a CNA Group Company, Plaintiff-Appellee, v. The YASUDA FIRE & MARINE INSURANCE COMPANY OF EUROPE, LTD., Defendant-Appellant.

United States Court of Appeals, Seventh Circuit.

Decided October 7, 1994.


Attorney(s) appearing for the Case

Susan A. Stone, Joseph T. McCullough, IV (argued), Jordan Schau, Sidley & Austin, Chicago, IL, for Yasuda Fire & Marine Ins. Co. of Europe, Ltd.

Michael H. Goldstein (argued), Lisa S. Post, Mound, Cotton & Wollan, New York City, Kenneth L. Cunniff, Chicago, IL, for Continental Cas. Co. and CNA Ins. Group.

Before MANION and KANNE, Circuit Judges, and SHABAZ, District Judge.


KANNE, Circuit Judge.

Yasuda Fire & Marine Insurance Company of Europe, Limited ("Yasuda") brought this case to vacate an interim arbitration award in favor of Continental Casualty Company, a CNA Group Company ("CNA"). Yasuda argued to the district court that the arbitration panel charged with resolving Yasuda's dispute with CNA did not have authority to order Yasuda to post an interim letter of credit, that the letter of credit was excessive, and that the arbitration...

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