Mealeys

Mealey's Insurance - Judge Decides On Runoff Insurer's Advancement Of Litigation Expenses

NEW YORK - A New York federal judge on Sept. 12 ruled on a runoff insurer's advancement of litigation expenses under investment management agreements (IMAs) for third-party actions arising out of the initial fraud lawsuit filed by the runoff insurer over the mismanagement and misuse of $320 million (In re: Platinum-Beechwood Litigation, No. 18-6658, B Asset Manager L.P., et al. v. Senior Health Insurance Company of Pennsylvania, No. 19-4487, S.D. N.Y.).
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