Vice Chancellor: Person Seeking Defunct Company’s Receivership Lacked Information

Mealey's (May 3, 2022, 4:06 PM EDT) -- WILMINGTON, Del.  — A Delaware vice chancellor on April 20 determined that an alleged former manager of a defunct Delaware holding company that acted as an insurance and reinsurance broker and adviser needs to provide more information for consideration of his petition for appointment as a receiver for a company solely managed by the holding company, finding that the petition fails to “provide any meaningful information about” the managed company....