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8 April 2024Reinsurance

‘No Breach’, court orders Fleming to complete James River deal in a week

James River has obtained a court order mandating Fleming to complete its pending acquisition of JRG Reinsurance, following an acrimonious dispute that led to litigation in the New York County Supreme Court last month. The court ruled that Fleming had no valid grounds to delay the closing, stating that “there is no breach” to justify its claim against James River.

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