Reinsurer Seeks Direct Payment From Registry For $3.2M Judgment

Mealey's (July 3, 2018, 12:27 PM EDT) -- SAN DIEGO — In a dispute over breached reinsurance agreements from fraudulent transfers, a reinsurer argues in a June 29 reply brief that a California federal court has “no legitimate reason” not to release direct payment of $734,702.68 currently held in a registry to it as well as assigning it 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.)....