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You snooze you lose: “account stated” doctrine bars recoupment of past amounts paid under voided facultative agreement

  • Jorden Burt LLP
  • -
  • USA
  • -
  • November 29 2010

Seaton Insurance Company sued its reinsurer, Yosemite Insurance Company, for breach of contract

North Carolina appellate court: lex loci delicti controls on choice of law for negligent audit claims

  • Jorden Burt LLP
  • -
  • USA
  • -
  • October 13 2010

Reinsurer Harco National Ins Co entered into a "fronting" agreement with Capital Bonding Corporation, a now-defunct bail and immigration bond issuer, relying in part on an audit performed by the defendant accounting firm, Grant Thornton, LLP

Second Circuit affirms dismissal of shareholder derivative class action against reinsurer

  • Jorden Burt LLP
  • -
  • USA
  • -
  • January 18 2010

The Second Circuit Court of Appeals recently affirmed a district court decision (reported on this blog March 10, 2009), which dismissed a putative shareholder derivative class action against PXRE Group, Ltd., a publicly traded Bermuda reinsurer, and certain of its directors and officers