Preliminary Injunction Motion Withdrawn In Fraudulent Transfer Suit Against Insurer

Mealey's (June 8, 2022, 12:57 PM EDT) -- WILMINGTON, Del. — Citing changes in the defendants’ plans, 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 informed the Delaware Chancery Court in a June 3 letter that they are withdrawing their motion for a preliminary injunction....