Court Agrees that “Follow the Fortunes” Does Not Require Payment of Additional Expenses
1 May, 2011
Pacific Employers Ins. Co. v. GLOBAL Reinsurance Corp. (E.D. Pa.)
BatesCarey LLP obtained judgment for its reinsurer client by convincing a federal court that the “follow the fortunes” doctrine did not require the reinsurer to pay expenses in addition to the limits of liability on a facultative certificate. By moving for judgment on the pleadings, BatesCarey LLP foreclosed the cedent from taking any discovery and obtained victory immediately after the cedent filed its responsive pleading.