No Attys' Fees For Now In $10M E&Y Reinsurance Row

Law360, New York (December 2, 2013, 5:21 PM EST) -- A captive insurer controlled by an Ernst & Young LLP affiliate isn't entitled to attorneys' fees in its $10 million dispute with a Zurich Insurance Group reinsurance affiliate over tax strategy litigation, a New York state judge ruled during a hearing Monday.

Judge Lawrence K. Marks said plaintiff Ram IIC Inc., a captive insurer owned by EY Holdings Ltd. that provides professional indemnity insurance to Ernst & Young member firms around the world, can't seek attorneys' fees, saying they probably aren't allowed because both sides are...
To view the full article, register now.