Credit: Diana/Adobe StockUS Judge Dismisses Securities Litigation Against Insurance Underwriter
U.S. District Judge Lewis Kaplan granted Argo Group's motion to dismiss for failure to state a claim where relief can be granted. Argo was represented by a team of Skadden attorneys.
December 16, 2024 at 07:43 PM
2 minute read
An insurance underwriter in specialty insurance represented by attorneys from Skadden, Arps, Slate, Meagher & Flom has secured dismissal of a securities class action claiming that defendants neglected to share "key risks" of underwriting for construction defect claims.
U.S. District Judge Lewis Kaplan of the Southern District of New York threw out the lawsuit against Argo Group International Holdings Ltd. and four executives.
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