Aspen Shuts Down Jane Street's $2.2M Sandy Claim

Law360, Los Angeles (January 8, 2014, 4:21 PM EST) -- A New York federal judge has tossed investment firm Jane Street Holding LLC's suit against Aspen American Insurance Co., ruling the insurer doesn't have to cover the firm's $2.2 million claim over a power generator destroyed by Superstorm Sandy. 

Jane Street sued Aspen in New York federal court in April over Aspen’s refusal to cover $2.2 million in losses incurred when flooding destroyed the firm’s power generator. Aspen motioned for dismissal of the pleadings, saying Jane Street’s property damage policy specifically applied to the firm’s 33rd...
To view the full article, register now.




Case Information

Case Title

Jane Street Holding, LLC v. Aspen American Insurance Company

Case Number



New York Southern

Nature of Suit



Robert W. Sweet

Date Filed

April 8, 2013

Law Firms


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.