Assignee Of Reinsurance Receivables Says Statute Of Limitations Has Not Expired
Mealey's (April 11, 2016, 12:43 PM EDT) -- NEW YORK — The assignee of certain reinsurance receivables told a federal court in New York on April 8 that the statute of limitations of its action against a reinsurance agent has not expired because it did not begin in 2004 but began when the agent repudiated its alleged fiduciary obligations to the assignee in 2015 (NEM Re Receivables LLC v. Fortress Re Inc., No. 15-cv-03875, S.D. N.Y.).
(Brief in support of motion for reconsideration available. Document #12-160415-024B.)