Reverse-Preemption Ruling Concerning Adversary Case Is Upheld On Appeal

(February 23, 2024, 4:00 PM EST) -- NEW YORK — Agreeing with a bankruptcy judge’s determination that reverse-preemption under the McCarran–Ferguson Act (MFA) applies, a New York federal judge on Feb. 22 upheld the partial stay of an adversary proceeding in an expansive dispute involving a reinsurer....