Preliminary Injunction Sought In Fraudulent Transfer Suit Against LTC Insurer

Mealey's (January 31, 2022, 8:51 AM EST) -- WILMINGTON, Del. — The plaintiffs in a putative class suit alleging fraudulent transfers from an insurance subsidiary that more than 1 million policyholders depend on for long-term care (LTC) insurance disability benefits on Jan. 27 moved in Delaware Chancery Court for a preliminary injunction to stop “Anticipated Transfers” of assets in forms including dividend payments or spinoffs....