NY High Court Will Hear Equitas Antitrust Suit

Law360, New York (June 8, 2011, 8:25 PM EDT) -- A New York appeals court on Tuesday asked the state's highest court to rule on whether it was right to revive Global Reinsurance Corp.'s suit accusing Equitas Ltd. of conspiring to restrain competition in the reinsurance industry.

Equitas had protested a January decision by the Appellate Division of the New York State Supreme Court to revive Global’s allegations, which had previously been dismissed for failure to allege a relevant product market for its antitrust claims.

The suit will now head to the New York Court of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.