Plaintiffs Lack DUFTA Standing, Insurance Holding Company Says In Delaware Court

( April 17, 2025, 10:28 AM EDT) -- WILMINGTON, Del. — Arguing that the plaintiffs in a putative class suit lack standing to bring a Delaware Uniform Fraudulent Transfer Act (DUFTA) claim, an insurance holding company and its affiliates seek summary judgment in the Delaware Chancery Court over an alleged scheme to strip capital from an insurance subsidiary on which many policyholders depend for long-term care (LTC) disability benefits....