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roiresearch

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roiresearch

Re: None

Friday, 06/23/2017 2:27:32 PM

Friday, June 23, 2017 2:27:32 PM

Post# of 2533
Law360, New York (June 22, 2017, 5:35 PM EDT) -- A New York bankruptcy judge found Thursday that former MF Global excess insurer Allied World Assurance Co. Ltd. owes the defunct company $926,000 in attorneys' fees over Allied’s failure to get court permission before filing an action to arbitrate a contract dispute in Bermuda.

Bankruptcy Judge Martin Glenn did deny MF Global the full $1.8 million it requested, however, saying Allied was not jointly liable with another excess insurer who had been accused of the same actions but had settled with MF Global.

the above is all IMHO (consider this my safe harbor statement)

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