Judge Won't Hear Travelers' $16M Coverage Suit

Law360, New York (July 6, 2011, 7:15 PM EDT) -- An Illinois federal judge dealt a blow to Travelers Indemnity Co. on Wednesday, ruling it would not take the insurer's case over who was liable for a policyholder's $16 million loss in a credit card rights class action.

U.S. District Judge Joan Humphrey Lefkow dismissed Travelers' effort to get her court to decide whether the insurer has to pay a legal bill for policyholder Rogan Shoes Inc., saying an Illinois state court and the state's so-called citation to discover assets procedure was adequate.

Rogan paid $16...
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.