10 Jul 2008 Cases

Prusky v. ReliaStar Life Insurance Company

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On July 10, 2008, the United States Court of Appeal for the Third Circuit issued an opinion affirming judgments favorable to our client, ReliaStar Life Insurance Company, in its lengthy litigation with the Pruskys, well-know mutual fund market timers. The Third Circuit favorably cited Compass Lexecon expert Vince Warther's trial testimony at length regarding how the Pruskys' could have mitigated their claimed damages from ReliaStar's refusal to allow them to continue their market timing activities. We worked with Joe Moodhe and Lorna Schofield of Debevoise & Plimpton LLP on the case.

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