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...
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