KFS's plead to the courts to uphold its rights to divest through charitable contribution? Also:
1) Is it possible that the Lincoln Claims Portfolio is underreserved? 2) If yes to point 1 above, if KFS is forced to increase reserveds at Lincoln, can it do this from its lousy capital base/surplus position? ( looks to me this is what may put KFS over the brink)....
Follow the link to read both sides of the lawsuit. The Regulator paints a very bleak (almost criminal) picture but then read the rebuttal from Kingsway's lawyers. In the end the company is doing the right thing and this transaction will not be turned over by a court.
I think the ultimate strategy is to take it private.