MBSMS' Katrina Damage Suit Against Insurers Slimmed

Law360, New York (November 29, 2010, 7:18 PM EST) -- A federal judge has stripped bad faith claims from a suit that bankrupt real estate company MBS Management Services Inc. leveled against Hartford Fire Insurance Co., RSUI Indemnity Co. Inc. and others to recoup alleged losses caused by Hurricane Katrina.

On Tuesday, Judge Jay C. Zainey of the U.S. District Court for the Eastern District of Louisiana granted summary judgment to Hartford, RSUI and Homeland Insurance Co. on bad faith claims asserted by MBSMS, which is now represented by the trustee of the unsecured creditors' trust...
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