Investors Urge N.Y. Federal Judge to Dismiss $4.6 Million Promissory Note Dispute
May 19, 2021
NEW YORK — Two investors have moved to dismiss a lawsuit filed by a reinsurer and an insurer in a dispute over a $4.6 million promissory note that was executed as part of a reinsurance arrangement for a book of disability income business, arguing that the agreements between the parties are not enforceable.
In a May 17 reply brief filed in the U.S. District Court for the Southern District of New York, Antarctica Capital Management LLC and Antarctica Vista Legacy Investment LLC contend that plaintiffs’ breach of an investment management agreement rendered the other agreements void.
In 2018, Pan-American and …