Justice Asks For Input Regarding Proposed Closure Of Liquidation Proceeding
(September 1, 2015, 8:44 AM EDT) -- NEW YORK — A New York justice on Aug. 27 issued an order to show cause why he should not authorize the disbursement of approximately $2 million of an insurer in liquidation’s assets to its only creditor and close the liquidation proceeding (In the Matter of UHAB Mutual Insurance Company, No. 452618/2014, N.Y. Sup., New York Co.).
(Order to show cause available. Document #10-150925-002R.)
Benjamin M. Lawsky, then superintendent of Financial Services of the State of New York, petitioned the New York County Supreme Court on...