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Justice Asks For Input Regarding Proposed Liquidation Claims Procedure

Mealey's (August 21, 2015, 11:30 AM EDT) -- NEW YORK — A New York justice on Aug. 11 issued an order to show cause regarding the liquidator of an insolvent insurer’s proposed procedure for reviewing certain claims (In the Matter of the Eveready Insurance Company, No. 160307/2014, N.Y. Sup., New York Co.).

(Order to show cause available. Document #10-150828-019R.)

Benjamin M. Lawsky, then superintendent of financial services of the State of New York, petitioned the New York County Supreme Court on Oct. 21, 2014, for an order to take possession of and liquidate Eveready...
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