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subrogee |
Also found in: Financial, Wikipedia | 0.01 sec. |
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subrogee n. the person or entity that assumes the legal right to attempt to collect a claim of another (subrogor) in return for paying the other's expenses or debts which the other claims against a third party. A subrogee is usually the insurance company which has insured the party whose expenses were paid. Thus, the subrogee insurance company may file a lawsuit against a party which caused the damages to its insured which the subrogee paid. (See: subrogation, subrogor) How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Wausau, as subrogee to the settling parties' rights (that is, one who succeeds to the legal rights acquired by another), sued the attorneys and accountants involved in the stock offering that led to the 10-5 action, alleging the attorneys and accountants had joint responsibilities for the securities law violations. |
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