Reinsurer Removes $180,000 Breach Of Contract Suit To Illinois Federal Court

Mealey's (October 8, 2015, 12:26 PM EDT) -- CHICAGO — A reinsurer on Oct. 7 removed to Illinois federal court a suit in which the holder of the rights to certain accounts receivables due to an insolvent insurer is suing the reinsurer, alleging that it owes more than $180,000 stemming from 1980s reinsurance agreements (Pine Top Receivables of Illinois, LLC v. Transfercom, Ltd., No. 15-cv-8908, N.D. Ill.).

(Notice of removal with complaint as exhibit available. Document #12-151021-007N.)

Pine Top Receivables of Illinois LLC (PTRIL) sued Transfercom Ltd. on Sept. 9 in the Cook County,...
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