Investment Manager Files Exhibits Supporting Stay Of Insurance Policy Sale

Mealey's (August 3, 2022, 12:49 PM EDT) -- FORT LAUDERDALE, Fla. — An investment manager for a trust on Aug. 1 submitted notice with a Florida federal court of filing supplemental exhibits in support of its expedited motion to stay a trustee’s sale of policies terminating the trust in which the manager owns a “fractional” interest, pending appeal to the 11th Circuit Court of Appeals of the sale order of insolvent insurance policies....