COURT DISMISSES ACTION AGAINST LLOYD'S.LOS ANGELES Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Calif.--(BUSINESS WIRE)--May 7, 1996--Lloyd's of London announced today that the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. brought against Lloyd's by the California Department of Corporations (DOC) has been dismissed in U.S. District Court. The dismissal was the result of the DOC's failure to comply with the court's rules. On April 19, the DOC and its attorney were fined $20,000 for attempting to deceive TO DECEIVE. To induce another either by words or actions, to take that for true which is not so. Wolff, Inst. Nat. Sec. 356. the court. The action has been dismissed without prejudice Without any loss or waiver of rights or privileges. When a lawsuit is dismissed, the court may enter a judgment against the plaintiff with or without prejudice. When a lawsuit is dismissed without prejudice , meaning that the DOC can refile its suit. However, Judge Hatter's ruling states that if the DOC does refile and continues to violate court rules, the suit will be dismissed with prejudice, which means it cannot be brought again. Peter Lane, Managing Director, Lloyd's North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , said, "We are very pleased with this development and we welcome it as an opportunity to continue our discussions with the State of California. We have always believed that discussion, not litigation, is the best way to seek a resolution to our differences with the state and with certain Names and to proceed with our Reconstruction & Renewal program as the best method to resolve the problems of the past and build a strong market for the future." CONTACT: Jon Kaufman Solem & Associates (415) 788-7788 |
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