Insurance Regulator's Mizuho Suit Kept In Fed. Court

Law360, New York (July 2, 2009, 12:00 AM EDT) -- A federal judge has ruled that the Pennsylvania insurance commissioner's office will have to pursue its case against Mizuho Corporate Bank Ltd. in federal court, in a suit over more than $9.2 million Reliance Insurance Co. transferred to Mizuho in the days before the insurance company went bust.

Judge C. Darnell Jones of the U.S. District Court for the Eastern District of Pennsylvania on Wednesday denied the insurance commissioner's request to have the case remanded to the Commonwealth Court of Pennsylvania, where it was originally filed....
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