Reinsurer To Sue Rothschild, Barclays Over Failed Merger Bid

Law360, London (January 30, 2019, 4:29 PM GMT) -- French reinsurer Scor SE has filed a fraud claim against Barclays PLC at a court in London and threatened legal action against a rival, after a planned €8.2 billion ($9.4 billion) merger of the two insurance companies turned sour.

Barclays is being sued for commercial fraud at the High Court in London by a French reinsurer after its planned €8.2 billion ($9.4 billion) merger with another insurance company soured. (AP) Scor launched a commercial fraud suit against Barclays at the High Court in London on Tuesday, although the documents were not immediately available. And the reinsurer said in a statement on the same day...

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