Panel Upholds Dismissal Of Bermuda Reinsurer’s Securities Fraud Lawsuit

Mealey's (January 26, 2021, 2:30 PM EST) -- NEW YORK — The dismissal of a Bermuda reinsurer’s $5 million securities fraud case was affirmed by the Second Circuit U.S. Court of Appeals on Jan. 25 because the reinsurer’s claims are “predominantly foreign” under the Securities Exchange Act (SEA)....