Alleged Holder Of Rights Under Reinsurance Contracts Wants Pre-Pleading Security

CHICAGO - The claimed assignee to certain rights under a number of reinsurance agreements told the Seventh Circuit U.S. Court of Appeals on June 3 that its reinsurer should post pre-pleading security with the lower court pursuant to an Illinois state insurance law (Pine Top Receivables of Illinois, LLC v. Banco De Seguros Del Estado, No. 13-1364, 7th Cir.).

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