Reinsurer, Former Officers: No Alleged Misconduct Motive In Securities Class Action

Mealey's (November 24, 2020, 1:55 PM EST) -- CAMDEN, N.J. — A securities class action rests on the “implausible inference” that a reinsurer’s modeling and estimation choices “amount to deliberate under-reserving and fraud,” the reinsurer and former officers argue in a Nov. 23 reply brief to a New Jersey federal court, seeking dismissal for a lack of motive for any alleged misconduct (In re Maiden Holdings, Ltd. Securities Litigation, No. 19-05296, D. N.J.)....