Consent Protective Order Granted In Insurers’ $14.5M Suit Brought Against Borrower

Mealey's (February 15, 2022, 9:43 AM EST) -- RALEIGH, N.C. — A federal magistrate judge in North Carolina on Feb. 7 granted parties’ motion for a consent protective order against unrestricted disclosure in a lawsuit filed by three insurers in rehabilitation seeking to recover $14.5 million from a borrower under a loan agreement for its alleged breach of contract in failing to make a first interest payment....