Insurer’s Rehabilitator: Personal Jurisdiction Exists For Fraud Suit

Mealey's (May 29, 2020, 1:31 PM EDT) -- BATON ROUGE, La. — An insolvent insurer’s rehabilitator in May 26 motions opposes dismissal of his Louisiana federal court lawsuit because personal jurisdiction exists over a bank’s senior vice president and two banks for allegations that they aided and abetted the fraud and breach of fiduciary duty concerning loans that misled state insurance regulators on the insurer’s true financial condition (James J. Donelon v. Jeffrey C. Pollick, et al., No. 20-177, M.D. La.)....