Judge Issues $3.2M Default Judgment In Favor Of Reinsurer In Fraudulent Transfer Dispute

Mealey's (October 9, 2017, 12:20 PM EDT) -- SAN DIEGO — A California federal judge on Oct. 4 granted a reinsurer’s request for a $3.2 million default judgment in a dispute over alleged breach of reinsurance agreements as a result of a series of fraudulent transfers (Odyssey Reinsurance Co. v. Richard Keith Nagby, et al., No. 16-3038, S.D. Calif., 2017 U.S. Dist. LEXIS 165582)....