Liquidator: Agreement Is Clear On Reimbursement Of Litigation Expenses

Mealey's (May 24, 2016, 3:27 PM EDT) -- CONCORD, N.H. — The liquidator of an insolvent insurer on April 6 argued against what it says is a new argument raised for the first time in an asbestos trust’s reply regarding litigation expenses paid to a state insurance guarantor and deducted from the trust’s settlement amount (In the Matter of the Liquidation of The Home Insurance Company, No. 03-E-0106, N.H. Sup., Merrimack Co.).

(Sur-reply available. Document #50-160526-028B.)

The Home Insurance Co. was placed into liquidation on June 11, 2013, by the Merrimack County Superior Court....
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