Runoff Insurer Appeals To 2nd Circuit Orders On Fee, Expense Advancements

Mealey's (January 9, 2020, 7:37 AM EST) -- NEW YORK — A runoff insurer on Dec. 19 appealed to the Second Circuit U.S. Court of Appeals four orders dealing with the advancement of fees and expenses under investment management agreements (IMAs) for third-party actions arising out of the runoff insurer’s initial fraud lawsuit over the mismanagement and misuse of $320 million (B Asset Manager L.P., et al. v. Senior Health Insurance Company of Pennsylvania, No. 19-4239, 2nd Cir.)....