Vice Chancellor Dismisses Claims Over $395M Dividends In Fraud Suit Against Insurer

Mealey's (February 4, 2020, 12:39 PM EST) -- WILMINGTON, Del. — A Delaware vice chancellor on Jan. 31 dismissed as untimely a class’s claim under the Delaware Uniform Fraudulent Transfer Act (DUFTA) regarding $395 million in dividends that a long-term care insurer paid from 2012 to 2014 (Richard F. Burkhart, et al. v. Genworth Financial Inc., et al., No. 2018-0691, Del. Chanc., 2020 Del. Ch. LEXIS 44)....