Mealey's Banking & Finance - Federal Judge Denies Motion To Reconsider Dismissal Of Coverage Suit

Mealey's Banking & Finance - Federal Judge Denies Motion To Reconsider Dismissal Of Coverage Suit

GAINESVILLE, Ga. - A federal judge in Georgia on March 5 denied OneBeacon Midwest Insurance Co.'s (OneBeacon) motion to reconsider a dismissal order and for leave to file an amended complaint in a suit OneBeacon brought seeking a declaration that it did not owe coverage to directors and officers of the failed Habersham Bank, finding that OneBeacon "has not shown that its proposed amendments will vest this Court with jurisdiction" (OneBeacon Midwest Insurance Co. v. The Federal Deposit Insurance Corp., No. 12-0106, N.D. Ga.; 2014 U.S. Dist. LEXIS 27870).

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