PINE TOP RCVBLES. v. BANCO DE SEGUROS DEL ESTADO

Nos. 13-1364, 13-2331.

771 F.3d 980 (2014)

PINE TOP RECEIVABLES OF ILLINOIS, LLC, Plaintiff-Appellant, v. BANCO DE SEGUROS DEL ESTADO, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided November 7, 2014.


Attorney(s) appearing for the Case

Mary Cannon Veed , Arnstein & Lehr LLP, Chicago, IL, for Plaintiff-Appellant.

Robert A. Badgley , Karbal, Cohen, Economou, Silk & Dunne, Ernesto R. Palomo , Locke Lord LLP, Chicago, IL, for Defendant-Appellee.

Before EASTERBROOK and WILLIAMS, Circuit Judges.


PER CURIAM.

Pine Top Receivables ("Pine Top") brought this action against Banco de Seguros del Estado, an entity wholly owned by Uruguay. Pine Top claimed that Banco owes $2,352,464.08 under reinsurance contracts. Pine Top's complaint sought to compel arbitration but alternately proposed that the court enter judgment for breach of contract. Banco answered the complaint, and Pine Top moved to strike the answer for failure to post security under Illinois insurance law...

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