9th Circ. Nixes Calif. Armenian Genocide Insurance Law

Law360, New York (February 23, 2012, 5:18 PM EST) -- Following a rare en banc review, the Ninth Circuit on Thursday struck down a California law extending the statute of limitations for insurance claims by Armenian Genocide victims, marking yet another reversal in a long-running class action against Munich Re AG.

The legal battle centers on Section 354.4 of California's Code of Civil Procedure, which was amended in 2000 to provide California courts with jurisdiction over certain classes of claims arising from insurance policies that were held by individuals who lived in the Ottoman Empire from...
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.