Judge Dismisses Suit Over Breach Of Reinsurance Trust Duties For Lack Of Jurisdiction

Mealey's (September 28, 2017, 11:36 AM EDT) -- COLUMBIA, S.C. — Citing a recent U.S. Supreme Court ruling, a South Carolina federal judge on Sept. 25 dismissed a lawsuit accusing a bank of breaching its duties as trustee of a reinsurance trust account for lack of personal jurisdiction (Accident Insurance Company Inc. v. U.S. Bank National Association, et al., No. 16- 2621, D. S.C., 2017 U.S. Dist. LEXIS 156301)....