Validus Files Suit Over Bermudan Reinsurer Merger
By Liz McKenzie ( April 28, 2009, 12:00 AM EDT) -- Bermuda-based reinsurer Validus Holdings Ltd. announced Tuesday that it had filed a lawsuit in Bermuda against IPC Ltd. and Max Capital Group Ltd. over a $50 million termination fee and "no-talk" provision contained in a merger agreement between the two after its own talks to buy IPC fell through....
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