Bankruptcy Judge Awards Insurer’s Liquidators Fees Regarding Turnover Orders

Mealey's (March 1, 2022, 12:40 PM EST) -- NEW YORK — A New York federal bankruptcy judge on Feb. 24 ordered that the joint provisional liquidators (JPLs) of Bermuda insurer and reinsurer PB Life and Annuity Co. Ltd. (PBLA) and other debtors be paid $816,826 in attorney fees and $15,422.74 in expenses, citing the “failures of the Respondents to comply with this Court’s Orders.”...