2nd Circ. Revives Investors' Suit Against Hartford

Law360, New York (November 17, 2008, 12:00 AM EST) -- An appellate court has remanded a shareholder class action against insurer Hartford Financial Services Group Inc. over kickbacks it allegedly paid to insurance brokers, vacating an earlier decision by a district court to dismiss.

District Judge Colleen McMahon, sitting on the U.S. Court of Appeals for the Second Circuit by designation, ruled Monday that the plaintiffs' suit is not barred by the statute of limitations, as the lower court had held.

The suit was filed in 2004 in the U.S. District Court for the District of...
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