Bankruptcy Judge Awards $314M To Liquidators Of Bankrupt Insurer

Bankruptcy Judge Awards $314M To Liquidators Of Bankrupt Insurer

JACKSON, Miss. - A bankruptcy judge in Mississippi on April 11 granted summary judgment to the liquidators of a bankrupt insurer on their dishonest-assistance claims regarding the alleged fraudulent transfer of the insurer's assets and awarded $314,313,191 to the liquidators (In re: Condor Insurance Ltd. (in official liquidation); Richard Fogerty and William Tacon in their cap acity as the joint official liquidators of Condor Insurance Ltd. v. Condor Guaranty Inc., et al, No. 07-51045, Adv. Proc. No. 07-05049, S.D. Miss. Bkcy.; 2012 Bankr. LEXIS 931).

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