Erie Indemnity Says $300M Fee Suit Belongs In Federal Court

Law360, Philadelphia (March 18, 2013, 4:49 PM EDT) -- A complaint alleging that Erie Indemnity Co. bilked members of an unincorporated insurance exchange out of $300 million should not be heard in state court because it seeks relief on behalf of a class of plaintiffs, an attorney for the company told the Third Circuit Monday.

In oral arguments before a three-judge panel in Philadelphia, Steven Feirson, an attorney with Dechert LLP representing Erie Indemnity, said the Third Circuit should overturn a lower court’s decision remanding Erie Insurance Exchange’s suit to state court, arguing that the...
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.