Judge Stays Dispute Until Resolution Of Insurers’ Receivership Litigation

Mealey's (June 4, 2019, 2:18 PM EDT) -- ST. LOUIS — A Missouri federal judge on June 3 held that he would abstain from hearing a dispute between the special deputy receiver (SDR) for three insolvent insurers and a preneed cemetery trust over whether a merchandise and services trust remains property of a receivership proceeding and will instead stay the case until resolution of a concurrent Texas state court receivership proceedings (Winner Road Properties LLC v. BMO Harris Bank, N.A. v. Jo Ann Howard & Associates, P.C., No. 16-1395, E.D. Mo., 2019 U.S. Dist. LEXIS 92546)....