Insurer Can’t Shake $100M Weather Damage Coverage Suit

Law360, Chicago (February 27, 2013, 7:08 PM EST) -- A New York federal judge on Monday refused Commonwealth Insurance Co.'s motion to dismiss a $100 million suit by TN Metro Holdings' limited liability companies over the insurer's refusal to cover weather damage repairs, but said he'd consider issues raised on a summary judgment motion instead.

U.S. District Judge Kenneth M. Karas wrote that district courts couldn't rely on extrinsic evidence, such as U.S. Securities and Exchange Commission filings and other documents the insurer submitted, for purposes of deciding a motion to dismiss a complaint for...
To view the full article, register now.




Case Information

Case Title

TN Metro Holdings I, LLC et al v. Commonwealth Insurance Company

Case Number



New York Southern

Nature of Suit



Kenneth M. Karas

Date Filed

August 30, 2011

Law Firms

Government Agencies

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.