Lloyd's, Burglarized Gold Co. Exasperate NY Judge

Law360, New York (February 6, 2019, 7:58 PM EST) -- A New York state judge expressed frustration Wednesday with both a gold storage company that fell prey to a gang of septuagenarian safecrackers in London and its skeptical insurers at Lloyd's, saying it would be more straightforward if Lloyd's just denied the claim and waited to be sued.

AU Trading Ltd. and related companies, whose safe deposit boxes were plundered in the infamous 2015 Hatton Garden burglary, were sued in March by Lloyd’s of London insurers seeking seeking a declaration that the policyholders hadn't cooperated with Lloyd's investigation of the claimed $2.5 million loss. The insurer says the companies changed their claim...

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