STORY FROM: Reinsurance & Arbitration

Lawsuit Accusing Golden Isles of Draining Assets to Escape Reinsurance Obligations Survives Dismissal Motion

ATLANTA — A Georgia federal judge has refused to dismiss a lawsuit accusing Golden Isles Reinsurance Co. of draining its assets through fraudulent cash transfers in order to escape its obligations under two reinsurance agreements, finding the majority of the claims were adequately pled.

In an Aug. 18 order, Judge Leigh Martin May of the U.S. District Court for the Northern District of Georgia also refused to dismiss claims against certain out-of-state individuals who received the cash transfers, finding those defendants had the requisite contacts with Georgia. The judge also allowed Canal to add as a defendant a previously unnamed ...

Associated Law Firms
Locke Lord
Robbins Ross Alloy Belinfante Littlefield

Associated Documents
Order



Registered User Login

Username

Password


Related Conferences

No conferences scheduled at this time.




Full Archives

True