4th Circuit Partly Vacates Ruling In Trustee Duties Spat Over Reinsurance Trust

Mealey's (August 31, 2022, 1:17 PM EDT) -- RICHMOND, Va. — Ruling in an Aug. 29 unpublished opinion that part of a trust agreement “acted as a gatekeeping clause against deposit of nonnegotiable assets,” a Fourth Circuit U.S. Court of Appeals panel partly vacated and remanded a dispute over a reinsurance trust for an insolvent insurer....