Reinsurer’s Request For Direct Payment From Registry For $3.2M Judgment Opposed

Mealey's (June 27, 2018, 1:57 PM EDT) -- SAN DIEGO — In a dispute over breached reinsurance agreements from fraudulent transfers, a defendant on June 22 opposed a motion filed in a California federal court directing payment of $734,702.68 currently held in a registry to a reinsurer as well as assigning the reinsurer the right to collect directly from a trust $370,714.13, in partial satisfaction of its $3.2 million judgment (Odyssey Reinsurance Co. v. Richard Keith Nagby, et al., No. 16-3038, S.D. Calif.)....