Judge Denies Dismissal To Insolvent Insurer’s Owners, Cites ‘Perfunctory Argument’

(May 6, 2024, 8:57 AM EDT) -- GREENSBORO, N.C. — A North Carolina federal judge denied a motion filed by the owners of an insolvent insurer seeking to dismiss a petition to confirm an arbitration award for a Dutch insurer in liquidation, finding that the owners’ new argument on appeal that the award is prohibited as a monetary penalty fails because “it is not the court’s job to undertake the analysis and legal research needed to support a perfunctory argument.”...