Magistrate Rules On Conditions Disputed In Trust Termination Insurance Policy Sale

Mealey's (December 2, 2022, 1:35 PM EST) -- FORT LAUDERDALE, Fla. — A Florida federal magistrate judge granted in part trust investment manager Acheron Capital Ltd.’s motion to exclude certain conditions required by a liquidating trustee who has stated that Acheron, as a prospective bidder on interests in insurance policies, must sign a purchase agreement, finding that the conditions are not appropriate pursuant to a court order adopting a prior report and recommendation....