October 26, 2022
A New York federal judge sent a $3.4 million stolen investment suit led by Thor Equities LLC back to an Empire State court, finding in a remand order Wednesday that Hiscox Insurance Co. had improperly removed the case.
October 12, 2022
Hiscox Insurance Co. Inc. should not cover real estate investment firm Thor Equities LLC and other entities over a soured venture to develop luxury condominiums in Manhattan, the insurer told a New York federal court, arguing that the $3.4 million loss Thor alleged does not amount to theft.