Court Agrees that “Follow the Fortunes” Does Not Require Payment of Additional Expenses
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.