© Forbes, April 17, 2000 all rights reserved.

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Forbes - 'The Informer'
William P. Barren, Editor

Life Liberty, and Discharge of Debt

Some 26 Americans facing ruinous cash demands as investor "names" in the Lloyd's of London insurance market have found unexpected relief in U.S. bankruptcy courts. Apparently fearful, in part, of submitting itself to Yankee jurisdiction over fraud allegations, Lloyd's has meekly-- and quietly-- abandoned all $14 million of its claims against the 26 without even seeking partial repayment. --- Tomas Kellner

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