Insurer Received Info On Rothstein Ties, Banyon Says

Law360, New York (June 10, 2010, 12:52 PM EDT) -- Banyon Capital LLC has asked a judge to throw out Ironshore Indemnity Inc.'s suit alleging the financial adviser concealed its involvement with Scott W. Rothstein’s $1.2 billion Ponzi scheme when it procured an Ironshore policy, saying the insurer should have known about its ties to Rothstein from the get-go.

Neither of Ironshore's two counts states a claim upon which relief can be granted, the financial adviser said in the U.S. District Court for the Southern District of Florida on Wednesday.

Ironshore fails to allege that “all...
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