Judge Approves Registry Deposit For Dispute Involving Insurer In Rehabilitation

(February 21, 2020, 11:22 AM EST) -- NEW YORK — A New York federal judge on Feb. 18 approved a request by an insurer in rehabilitation to return a deposit of $519,252.81 to the court’s registry in a case over procedures for advancement of fees and expenses under investment management agreements (IMAs) for third-party actions arising out of the insurer’s initial fraud lawsuit over the mismanagement and misuse of $320 million (In re:  Platinum-Beechwood Litigation, No. 18-6658, B Asset Manager L.P., et al. v. Senior Health Insurance Company of Pennsylvania, No. 19-4487, S.D. N.Y.)....

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