US Court denies motion to dismiss SEC lawsuit by ex-RenRe officers

Former RenaissanceRe officers James Stanard and Michael Cash have failed in their attempt to have an SEC securities fraud lawsuit against them dismissed.
In an order dated May 16, 2007, U. S. District Judge Gerard E. Lynch, sitting at the U. S. District Court for the Southern District of New York, denied their motions to dismiss the SEC’s complaint. The reasons for his decision were not immediately available from the court’s on-line records.