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Confie Seguros Holding II Co. v. J.C. Flowers & Co. LLC et al
Case Number:
1:17-cv-05166
Court:
Nature of Suit:
Judge:
Firms
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September 24, 2018
PE Firm Can't Dodge Insurer's Fraud Suit Over $100M Deal
An Illinois federal judge on Monday ordered a private equity firm to face an insurer's fraud suit over a $100 million deal to buy an auto insurance network, saying the insurer sufficiently pled the firm hid its insurance underwriter's economic vulnerability before the transaction closed.
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October 17, 2017
PE Firm Was Behind 'Blatant' $100M Fraud, Insurer Says
Insurer Confie Seguros Holding II Co. is urging an Illinois federal court to greenlight its securities fraud suit against the owners of an auto insurance network, brushing aside motions to dismiss and calling the $100 million scheme "so blatant" that Hollywood would reject it as "too outrageous" if it were a movie script.