Legal Opinion
Aggrow Oils, L.L.C. v. National Union Fire Insurance Company of Pittsburgh, Pa
Court of Appeals for the Eighth Circuit
Decided March 7, 2001No. 99-4319PublishedCited by 93 opinions
1Opinion of the Court
LOKEN, Circuit Judge.
National Union Fire Insurance Company (“National”) issued a performance bond guaranteeing the obligations of T.E. Ibber-son Company (“TEI”) under a contract between TEI and AgGrow Oils, L.L.C. (“AgGrow”). AgGrow filed this action against National to recover on the bond, claiming that TEI was in default of its contractual obligations. National moved to stay the litigation pending mandatory arbitration under the TEI/AgGrow contract, which was incorporated by reference in National’s bond. The district court denied a stay, and National appeals. We agree with the district…
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