Dismissal Rightly Recommended In Imputed Withdrawal Liability Suit, Reinsurer Says

Mealey's (February 9, 2022, 10:20 AM EST) -- WASHINGTON, D.C. — A District of Columbia federal magistrate judge’s report contains “methodical and thorough” analysis and correctly recommends dismissal of a lawsuit against a Bermuda insurance and reinsurance company over $934 million in withdrawal liability on jurisdictional grounds, the company says in its Feb. 4 response to objections by the plaintiffs, who are trustees of a multiemployer pension plan....