New York court lets James River breach-of-contract damages claim proceed in Fleming dispute
James River Group Holdings, Inc. JRVR | 0.00 |
- A New York County Commercial Division judge narrowed a lawsuit tied to Fleming’s failed attempt to close a reinsurance unit purchase.
- The court dismissed the claim for specific performance as moot, citing the transaction’s April 16, 2024 closing.
- Claims seeking consequential damages were thrown out.
- Direct breach-of-contract damages claims will proceed.
- The ruling followed Fleming’s motion to dismiss an amended complaint dated May 9, 2024.
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