Reinsurer Can Sue Alleged US Auto Guarantors: Court

Law360, New York (April 30, 2009, 12:00 AM EDT) -- In a case alleging U.S. Auto Insurance Services Inc. bilked a reinsurance company out of millions of dollars, a judge has refused to dismiss liability claims against several companies that the reinsurer claims guaranteed the insurer's liabilities.

Judge Jane Boyle of the U.S. District Court for the Northern District of Texas issued a mixed order Wednesday on the motion for dismissal of various claims brought by all of the defendants in the case except for U.S. Auto.

The judge granted the defendants' motion for judgment on...
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.