(March 29, 2021, 2:13 PM EDT) -- LANSING, Mich. — A Michigan appeals panel on March 25 held that a lower court erred as a matter of law when it ruled that a life insurance company’s rehabilitator could stand in the shoes of a holding company and force a sale of the insurance company’s stock, further finding that the lower court erred when it did not conclude under Michigan Insurance Code whether substantial justice required a New York court to determine matters as to the effectiveness of the holding company’s notice of termination and questions as to breach of the stock purchase agreement....