Railroad Company Awarded Judgment In Reinsurance Case Over Mine Damages

Mealey's (August 27, 2019, 1:33 PM EDT) -- SPRINGFIELD, Ill. — In a reinsurance dispute over payments for mine subsidence damages, an Illinois federal magistrate judge on Aug. 26 found that an insurance fund failed to show that an alter-ego exception applies to the general rule of no liability for a railroad company’s stockholder and failed to prove that a de facto merger occurred (Illinois Mine Subsidence Insurance Fund v. Union Pacific Railroad Co., No. 17-3199, C.D. Ill., 2019 U.S. Dist. LEXIS 144691)....