Insurers Seek Dismissal Of Appeal Over Partial Stay Of Adversary Proceeding

(June 12, 2023, 3:16 PM EDT) -- NEW YORK — Arguing lack of subject matter jurisdiction, appellees asked a New York federal court to dismiss an appeal seeking to overturn a New York federal bankruptcy judge’s order partially staying an adversary proceeding filed by the joint provisional liquidators (JPLs) of Bermuda insurer and reinsurer PB Life and Annuity Co. Ltd. (PBLA) and other debtors....