Reinsurer Can't Meddle In Jadis Forfeiture: Magistrate

Law360, Chicago (December 8, 2011, 5:21 PM EST) -- A Latin American reinsurance company should not able to interfere with the federal government's collection of roughly $2.7 million in criminal forfeiture from defunct investment firm Jadis Capital Inc. tied to a $12 million fraud, a New York magistrate judge said Tuesday.

U.S. Magistrate Judge Andrew L. Carter Jr. found in his report and recommendation that a New York district court should deny QBE del Istmo Compania de Reaseguros Inc.'s bid to rule out the $2.56 million portion of the forfeiture connected to a Jadis hedge...
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