Reinsurance Execs Can Arbitrate $50M RICO Suit, Judge Says
Law360 (March 16, 2018, 6:41 PM EDT) -- A New York federal judge Tuesday sent a $50 million Racketeer Influenced and Corrupt Organizations Act case against three reinsurance executives to arbitration, saying the arbitration clause in the reinsurance agreement applies to them as well as their company.
U.S. District Court Judge Edgardo Ramos said the claims against Beechwood Re executives Moshe M. Feuer, Scott Taylor and David Levy are based on the allegation they were acting as agents of Beechwood, and therefore the arbitration clauses in the agreements with Beechwood apply to them as well.
“Plaintiffs cannot make conspiracy allegations connecting signatories and nonsignatories and then avoid arbitration by...
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