Justice Refuses To Dismiss Certain Claims In Suit Against Insolvent Holding Companies

Mealey's (April 20, 2021, 10:43 AM EDT) -- NEW YORK — A New York justice on March 25 refused to dismiss breach of contract, tortious interference with contract and a stand-alone fraud claims, finding that there is no meaningful dispute that insurance holding companies are in default on their obligations regarding trust preferred securities and that the holders of the trust preferred securities may sue to pursue their claims seeking dividend payments....

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