Insurer Loses Bid To Nix Policies For Pool Slide Cos.

Law360, New York (February 23, 2011, 6:22 PM EST) -- A federal judge in Illinois on Tuesday tossed Colony National Insurance Co.'s suit seeking to rescind policies for companies including SLB Toys USA Inc. and Manley Toys Ltd., which face claims over an allegedly defective pool slide.

Judge Milton I. Shadur of the U.S. District Court for the Northern District of Illinois said that while the complaint defined key elements of corporate citizenship for four conventional corporate defendants in the suit, Colony's counsel had "not done a proper jurisdictional job” when it came to three limited...
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