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Reinsurers lose RSA challenge

The Court of Appeal in the UK has rejected an argument from a syndicate of reinsurers that Royal & Sun Alliance's failure to notify them about certain lawsuits within 72 hours invalidated indemnification claims under its reinsurance policies for Coca-Cola

The two US law suits in question relate to securities fraud claims made against Coca-Cola and its executives by Coca-Cola shareholders in 2000.

The two lawsuits are still on-going against Coca-Cola in

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