Dismissal Of ERISA Suit Against Bermuda Reinsurer Recommended Over Jurisdiction

Mealey's (December 10, 2021, 11:06 AM EST) -- WASHINGTON, D.C. — A District of Columbia federal magistrate judge issued a Dec. 7 report recommending dismissal of a lawsuit over a Bermuda insurance and reinsurance company’s alleged failure to make $934 million in withdrawal liability payments to a pension plan, finding that the plaintiffs did not establish that the company’s “contacts with the United States are so systematic and continuous as to render it essentially at home in this country.”...