ACE is listed on the New York Stock Exchange and has numerous American stockholders. However, many of ACE Limited's officers and directors, who are not US residents, might be immune from civil liability under US Securities laws designed to ensure corporate accountability. This is a significant benefit of the ACE board's decision to reincorporate in Switzerland during 2008.
ACE Lawyers Claim Improper Service on Co-Defendant
The ACE Group unit filed a petition for removal in U.S. District Court for the Middle District of Louisiana in a lawsuit that names it, EAN Holdings LLC and Katherine Haar as defendants. Lawyers for ACE cited a diversity of citizenship, inasmuch as ACE is based in Philadelphia, EAN is in St. Louis and Haar is a citizen of Germany.
In their removal petition, ACE lawyers said plaintiffs Shanitra Grimes and Lillie Grimes did not properly request service against Haar with notice of the underlying state court lawsuit via the U.S. Secretary of State. According to the Hague Convention, they said that all pleadings in the case must be translated into German and that Haar must be served in her home country.
The ACE lawyers said they anticipate representing Haar when and if she is properly served. She has not yet filed an appearance “in order to avoid any argument that she has waived service of process through the Hague Convention.”
The lawsuit in question stems from a May 12th, 2012, automobile accident in which Haar was a motorist. At the time, she was driving a vehicle she had rented from EAN, which operates as Alamo Rent-A-Car.
Shanitra and Lillie Grimes filed their initial case on April 17 in East Baton Rouge Parish, Louisiana parish court. There was no indication as to the extent of injuries they alleged or damages they would seek (per Louisiana law, damage amounts are not stated).
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