Vice Chancellor Asks Parties To File Any Objections To Ending Liquidation
(November 18, 2015, 10:42 AM EST) -- WILMINGTON, Del. — A Delaware vice chancellor on Oct. 9 issued an order to show cause why the court should not order the closing of the receivership of an insurance company and a risk retention group (State of Delaware ex rel. The Honorable Karen Weldin Stewart, CIR-ML, Insurance Commissioner of the State of Delaware v. FMC Insurance Company, Inc. et al., No. 6712-VCP, Del. Chanc.).
(Order to show cause available. Document #10-151120-035R.)
Karen Weldin Stewart, CIR-ML, Delaware’s insurance commissioner, petitioned the Delaware Chancery Court for an...