7th Circuit Dismisses Appeal In Reinsurance Case Over Mine Damages

Mealey's (January 8, 2020, 9:06 AM EST) -- CHICAGO — The Seventh Circuit U.S. Court of Appeals on Jan. 6 dismissed an insurance fund’s appeal of a ruling that the fund failed to show the application of an alter-ego exception to the general rule of no liability for a railroad company’s stockholder and failed to prove that a de facto merger occurred in its reinsurance dispute over payments for mine subsidence damages (Illinois Mine Subsidence Insurance Fund v. Union Pacific Railroad Co., No. 19-2965, 7th Cir.)....