Amendment, Dismissal For Failure To Prosecute Both Denied In Fraud Suit

Mealey's (March 14, 2023, 1:24 PM EDT) -- WILMINGTON, Del. — In a case concerning an alleged scheme to transfer funds from a reinsurance trust to affiliated entities and “highly volatile hedge funds,” a Delaware Chancery Court vice chancellor on March 13 denied both the plaintiffs’ motion to file a fourth amended complaint and defendants’ motion to dismiss the lawsuit for failure to prosecute....