Reinsurer Alleges Breach Of Transaction Agreement, $4.7M Loss In N.Y. Federal Court

( April 11, 2025, 8:44 AM EDT) -- NEW YORK — A reinsurer that acquired a retirement plan recordkeeping business alleges in a suit filed in New York federal court that a financial services firm and its subsidiary unduly requested a $50 million bonus payout, breached their transaction agreement and mismanaged assets, leading to a $4.7 million shortfall....

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