April 8, 2009
Partner Michael J. Coursey was quoted in The National Law Journal article, "Insurers Sued for $1 Billion for Allegedly Enabling the ‘Dumping’ of Food Products from China."
The article discussed the Sioux Honey Association v. Hartford Fire Insurance Co. case that was filed in the U.S. Court of International Trade by five domestic food producers. The lawsuit claims that a group of insurance companies issued surety bonds that allowed importers to bring in food products from China at below cost, or dumped prices, which caused the domestic producers severe financial harm.
The lawsuit also claims that the U.S. Customs and Border Protection and the U.S. Department of Commerce failed to enforce four anti-dumping orders that protected the domestic producers from dumped Chinese imports.
This news was also published in Reinsurance, Law.com and Cal Law. The BLT: The Blog of Legal Times covered this case in the section "The Morning Wrap."