Medical Developer Sues RSUI Over $12.5M Settlement

Law360, New York (July 16, 2010, 2:48 PM EDT) -- Medical facility developer Foundation Healthcare Affiliates LLC has filed suit against RSUI Indemnity Co. Inc., saying the insurer handled itself improperly in negotiations over the settlement of a $12.5 million contract claim and has unfairly failed to help shoulder expenses.

The health care developer and its principals Thomas A. Michaud and Robert M. Byers lodged their complaint Thursday in the U.S. District Court for the Southern District of New York, saying that the insurer’s conduct in the settlement matters warrants punitive damages.

“RSUI engaged in conduct...
To view the full article, register now.