Judge OKs Dismissal Of Claims Settled For $1.85M In Suit Involving Reinsured Surety

Mealey's (May 13, 2022, 7:11 AM EDT) -- CHARLESTON, W.Va. — Rejecting indemnitors’ arguments that a surety acted unreasonably and did not comport with good faith by entering a $1.85 million settlement to resolve certain claims in the case, a West Virginia federal judge on April 21 granted a motion to dismiss those claims with prejudice in a suit over reinsured performance and payment bonds....