Plaintiffs Move to Amend Discovery Ruling in Md. Federal Offshore Reinsurance Fraud Action

BALTIMORE — Plaintiffs have asked a Maryland federal judge to amend a discovery timeframe in his ruling that certain types of insurance policies are discoverable in a case accusing a life insurer of shifting its debt to offshore reinsurers in order to hide its “questionable” solvency.

According to an Oct. 9 motion filed before Judge A. David Copperthite of the U.S. District Court for the District of Maryland, plaintiffs seek to extend the discovery timeframe relating to the 11 class policies beginning with each policies’ respective inception/development date through 2015 “so that the assumptions and projections Banner made at the …