Government Asks For Strike, Default Judgment In Crop Reinsurance, FIRREA Suit

Mealey's (February 24, 2022, 11:32 AM EST) -- YAKIMA, Wash. — After the defendants in a suit over crop reinsurance and alleged violations of the Financial Institutions Reform and Recovery Enforcement Act (FIRREA) filed an answer the same day the government moved for entry of default against them, the government on Feb. 18 asked a Washington federal judge to strike the answer and enter final default judgment totaling $1,818,084 based on the defendants’ “repeated bad faith conduct.”...