Chaucer files motion to protect SAC assets in Vesttoo case
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Chaucer files motion to protect SAC assets in Vesttoo case

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Chaucer has filed a motion seeking to protect its claim against funds held in segregated account company Bay XXIV, as part of the Vesttoo Chapter 11 process proceeding through the Bankruptcy Court for the District of Delaware.

The motion was filed by Chaucer Insurance Company and Chaucer Syndicates, as managing agent of Lloyd’s Syndicate 1084.

In the preliminary statement, Chaucer said it had hoped to avoid complex and costly litigation by reaching a consensual agreement with other...

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