Thursday, August 11, 2011

Federal Circuit -- HARTFORD FIRE INSURANCE CO. V. U.S.

HARTFORD FIRE INSURANCE CO. V. U.S.

If you're standing surety for a company  importing cooked crawdads from China, and some managers of the company get indicted, it's reasonable to let the dust settle for four months or so to see if you need to file for a return of the surety.

Dissent: No it isn't.


Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

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Author's SSRN page here.