Judge Says It's Too Soon To Ax Cardem's $934M Pension Suit

Law360 (June 23, 2020, 5:28 PM EDT) -- Cardem Insurance Co. Ltd. should keep facing allegations that it owes nearly $1 billion to a pension plan while the plan's trustees gather evidence to counter the Bermuda-based company's argument that it can't be sued in the U.S., a Washington, D.C., federal judge has recommended.

U.S. Magistrate Judge G. Michael Harvey said Monday that it's too soon to toss the suit against Cardem, even though the United Mine Workers of America 1974 Pension Plan's trustees haven't yet proved that Cardem can be sued in the U.S.

In a report and recommendation, Judge Harvey encouraged U.S. District Judge Tanya S. Chutkan to...

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