November 02, 2018
Our attorneys led a group of policyholder attorneys in seeking changes in procedures to expedite payments in the Midland Insurance Company Liquidation, which were ultimately accepted by New York officials. Our attorneys, again working cooperatively with other policyholder counsel, successfully litigated the issue of whether restrictive NY law applied to all claims submitted to Midland Liquidators or whether a choice-of-law decision should be made for each policyholder claim. Agreed claims have been established under this decision and initial payments have been made to policyholders.