STORY FROM: Reinsurance & Arbitration
Lawsuit Against Former Officers of Reinsurance Investment Company Sent to Arbitration
April 24, 2017
NEW YORK — A New York judge has sent to arbitration fraud and breach of fiduciary duty claims asserted by a reinsurance investment company against its former officers, ruling that the arbitration provisions in the defendants’ employment and separation agreements are valid.
On April 14, Judge Anil C. Singh of the New York County Supreme Court found no evidence that the agreements and the arbitration provisions contained within were permeated by fraud.
Southport Lane Management LLC (SLM) is a private equity and asset manager focused on investments within the insurance industry. Defendants Kevin Adler and Brian Lessig, along with SLM ...