N.Y. Federal Judge Refuses to Reconsider Dismissal of Counterclaims, Third-Party Claims in Fraud Action

NEW YORK — A New York federal judge has refused to reconsider her dismissal of counterclaims and third-party claims asserted by the defendants in a lawsuit in which a reinsurer and its agent allege that they were bilked out of $9.3 million in fees and trust account funds in a reinsurance scheme.

In a Dec. 22 order, Judge Colleen McMahon of the U.S. District Court for the Southern District of New York ruled that the movants failed to present any new evidence that would warrant reconsideration.

Under the “Safebuilt Reinsurance Program,” Safebuilt Insurance Services, an entity controlled by David Pike …