2nd Circuit Enforces Summonses In Fraud Case Against Reinsurer

Mealey's (May 4, 2020, 2:28 PM EDT) -- NEW YORK — Having rejected four arguments including one over lack of diversity jurisdiction as being without merit, the Second Circuit U.S. Court of Appeals on May 1 affirmed a lower court’s enforcement of an arbitration panel’s summonses against an investment group and its founder in a fraud case against a reinsurer and a hedge fund (Washington National Insurance Co. v. OBEX Group LLC, et al., No. 19-225, 2nd Cir., 2020 U.S. App. LEXIS 14062)....