Discovery, Summary Judgment Rulings Vacated In Securities Row Against Reinsurer

( August 25, 2025, 3:59 PM EDT) -- PHILADELPHIA — A Third Circuit U.S. Court of Appeals panel vacated a lower court’s discovery and summary judgment rulings in investors’ suit against a reinsurer and three former executives over allegations that they violated federal securities laws by omitting historical loss ratios from loss reserves disclosures, finding those omitted historical loss ratios to be material and that discovery had not been completed....