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Home / Opinion Digests / Business Law / Lloyd’s syndicates treated like limited partnerships (access required)

Lloyd’s syndicates treated like limited partnerships (access required)

Although the Fourth Circuit has not addressed whether a Lloyd’s syndicate is more like a trust or a limited partnership, this court follows the approach adopted by five circuits, which treats the syndicates like limited partnerships. As such, defendants were required to state the citizenship of each member name to determine diversity jurisdiction. Background In 2018, plaintiff ...