Denial Of Reconsideration Recommended In Insurer’s Personal Guaranty Case

Mealey's (December 19, 2022, 1:09 PM EST) -- DURHAM, N.C. — Saying in part that the defendant “has not shown any clear error” in a ruling that assets in a trust account do not satisfy obligations under a reinsurance agreement, a federal magistrate judge in North Carolina on Dec. 16 recommended denying reconsideration of a judgment requiring the defendant to pay more than $585 million pursuant to a personal guaranty....