Panel Upholds Dismissal Of Insolvent Insurer Shareholder’s Constitutional Violations Case

(May 13, 2019, 2:28 PM EDT) -- SANTA ANA, Calif. — A California appeals panel on May 10 affirmed a trial judge’s dismissal of an insolvent insurer’s sole shareholder’s lawsuit alleging constitutional violations because the shareholder failed to file an action and prosecute claims in Hawaii, where the insurer’s liquidation order was filed, for more than seven years (Investors Equity Life Holding Co. v. Jeffrey P. Schmidt, et al., No. G054532, Calif. App., 4th Dist., Div. 3, 2019 Cal. App. Unpub. LEXIS 3276)....