Ruling Brings An End To Insurance Antitrust Suit

Law360, New York (October 1, 2007, 12:00 AM EDT) -- A district court judge has closed the book on an antitrust class action suit filed against the country's largest insurance companies, dismissing the final federal charges pending against them and refusing to allow plaintiffs the chance to amend.

In an opinion handed down on Friday in the U.S. District Court for the District of New Jersey, Judge Garrett E. Brown Jr. dismissed the suit's Racketeer Influenced and Corrupt Organizations Act claims with prejudice, ruling that plaintiffs had not met the pleading requirements mandated by federal law....
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.