Court Allows Discovery in Securities Fraud Case Against Maiden Holdings, Subsidiary of Kestrel Group Ltd
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Maiden Holdings, a subsidiary of Kestrel Group Ltd., is facing a class action lawsuit for securities fraud. The U.S. Court of Appeals for the Third Circuit has vacated a prior summary judgment in favor of Maiden, allowing plaintiffs to pursue further discovery regarding misleading loss reserves. Maiden plans to defend against these claims with both procedural and substantive defenses.
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