A California federal court said it likely lacked jurisdiction over an insurance coverage dispute between a Markel Group Inc. unit and the indicted co-founders of a now-defunct medical testing biotech startup who are living abroad.
The co-founders, who face a number of claims including federal criminal charges and an extradition request, “appear to have been domiciled in Germany since before the start of this litigation and are therefore ‘stateless,’ precluding the diversity jurisdiction” upon which Evanston Insurance Co. relied to bring its suit, Judge William H. Orrick of the US District Court for the Northern District of California said in ...
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