Reinsurer Seeks Stay of ERISA Case Pending Supreme Court Ruling on Article III Standing

NEW YORK — A captive reinsurer is urging a New York federal judge to stay a case in which it is accused of siphoning assets from an employee benefit plan, arguing that the U.S. Supreme Court is set to weigh in on whether ERISA plan participants have Article III standing to bring such claims.

In a Sept. 25 motion filed in the U.S. District Court for the Eastern District of New York, Healthcap Assurance Inc. referred to Thole v. U.S. Bank, National Ass’n, 139 S. Ct. 2771 (2019), in which the Supreme Court granted certiorari on the issue.

The Supreme …