Securities Suit Against Reinsurer To Proceed With Limited Discovery

Mealey's (August 10, 2021, 11:48 AM EDT) -- CAMDEN, N.J. — In an Aug. 6 opinion, a federal judge in New Jersey allowed a shareholder class action lawsuit against a reinsurer and certain of its former senior executives to proceed to discovery; however, the judge warned the lead plaintiffs that their federal securities law claims are “thin” and that some of their allegations are “conclusory” and may be disproven through a limited discovery process....