Motions To Dismiss Held In Abeyance For Discovery In Insurers’ Fraud Case

Mealey's (April 10, 2020, 1:42 PM EDT) -- WILMINGTON, Del. — A Delaware vice chancellor on April 9 held off on addressing whether to dismiss certain defendants from two life insurers’ fraud and breach of fiduciary lawsuit concerning an alleged scheme to transfer funds from a reinsurance trust to affiliated entities and “highly volatile hedge funds” (HM Life Insurance Co., et al. v. Wilmington Savings Fund Society, FSB, et al., No. 2018-0649-SG, Del. Chanc., 2020 Del. Ch. LEXIS 136)....