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New York court allows James River Group's breach of contract claim to proceed while dismissing specific performance as moot
JRVRJames River Group Holdings, Inc.
The Supreme Court, New York County, Commercial Division granted in part and denied in part Fleming Intermediate Holdings LLC's motion to dismiss an amended complaint filed by James River Group Holdings, Inc. regarding a failed purchase of JRG Reinsurance Company Ltd. The Court dismissed the specific performance claim as moot because the transaction closed on April 16, 2024, but allowed the company's claims for direct damages for breach of contract to proceed. James River Group Holdings, Inc. operates in the specialty insurance and reinsurance industry.