Magistrate Recommends Approval Of Procedures For Sale Of Policies With Caveat

Mealey's (April 20, 2022, 2:12 PM EDT) -- FORT LAUDERDALE, Fla. —A magistrate judge on April 6 issued a report recommending that a Florida federal court grant a trustee’s motion to approve procedures for the sale of life insurance policies in connection with the termination of the Mutual Benefits Keep Policy Trust with the recommendation that the court find that the trustee may not condition a group of foreign investment entities’ access to the data room or participation in the auction on waiving any claims against the trustee or the right to an appeal....

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