Judge Upholds Percentages For Allocation Of Expenses In Runoff Insurer’s Misuse Case

Mealey's (August 1, 2019, 10:07 AM EDT) -- NEW YORK — A federal judge in New York on July 23 denied reconsideration of his ruling on the allocation of advancement of expenses in several lawsuits connected to a runoff insurer’s case over allegations of misuse of $320 million by affiliates of a failed Ponzi scheme (In re:  Platinum-Beechwood Litigation, No. 18-6658, David Levy v. Senior Health Insurance Company of Pennsylvania, No. 19-3211, S.D. N.Y., 2019 U.S. Dist. LEXIS 123735)....