Insurer Wants 2nd Look At Refco Coverage Case

Law360, New York (November 9, 2009, 12:41 PM EST) -- Axis Reinsurance Co. has asked a federal judge to reconsider its motion for summary judgment on a former Refco Inc. vice president’s demand for an additional $7.5 million in settlement fees on top of $10 million the insurer already shelled out to cover defense costs.

In a motion filed Friday in the U.S. District Court for the Southern District of New York, Axis said Dennis A. Klejna, Refco's former general counsel and executive vice president, is “artificially” prolonging the litigation by making “frivolous extracontractual claims.”...
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