Remmels lose appeal in insurance firm case.The Remmel family, which formerly owned Rebsamen Insurance Co. of Little Rock, lost its appeal to the Arkansas Supreme Court The Arkansas Supreme Court is the highest court in the U.S. state of Arkansas. It consists of a Chief Justice and six Associate Justices. The Justices are elected in a non-partisan election for a term of eight years. over whether its dispute with Regions Financial Corp. and Rebsamen's former CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. should have gone to an arbitrator arbitrator n. one who conducts an arbitration, and serves as a judge who conducts a "mini-trial," somewhat less formally than a court trial. In most cases the arbitraror is an attorney, either alone or as part of a panel. .In 2003, Ruth Rebsamen Remmel and her adult children, Mary Remmel Wohleb and Dr. Raymond Remmel, sued Regions and Allen J. McDowell after the family said it was deceived into selling the 75-year-old insurance company in 2001 for $40.2 million. The family also sued its financial adviser, Phil Herrington, but that case was settled out of court in 2006. The case against Regions and McDowell was sent to an arbitrator, who ruled against the Remmels. The arbitrator also ordered the Remmels to pay nearly $400,000 for the expenses that occurred in defending the case. The Remmels then appealed that ruling on the grounds that Pulaski County Pulaski County is the name of several counties in the United States:
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