Parties Ask For Adoption Of Report Denying Remand In Insurer’s Rehabilitator Suit

Mealey's (November 2, 2020, 2:18 PM EST) -- BATON ROUGE, La. — The rehabilitator for an insolvent insurer failed to assert a Caremark claim against a former director of the insurer’s parent company, defendants argue in an Oct. 30 brief, asking for the adoption of a Louisiana federal magistrate judge’s report recommending denial of remand in a lawsuit regarding loans that allegedly misled state insurance regulators on the insurer’s finances (James J. Donelon v. Jeffrey C. Pollick, et al., No. 20-177, M.D. La.)....