Judge Tosses $150M Case Against French Reinsurer

Law360, New York (August 22, 2006, 12:00 AM EDT) -- In a victory for SCOR SA in its ongoing legal feud with Highfields Capital Management, a federal judge has thrown out the Boston-based investment funds’ charges against the French reinsurance firm for lack of subject matter jurisdiction.

U.S. District Judge Mark L. Wolf dismissed the lawsuit without prejudice late last week, ruling that because at least two of the plaintiffs—Highfields Capital I LP and Highfields Capital II LP—are citizens of Canada, the court does not have subject matter jurisdiction.

Under case law, the court can exercise...
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