Federal Judge Rules On Motions To Dismiss In RICO Suit Against Insolvent Insurer

Mealey's (October 11, 2022, 9:03 AM EDT) -- AKRON, Ohio — A Ohio federal judge issued an order granting certain defendants’ dismissal motions for failure to state claim in a class action filed against Liberty HealthShare Inc., its CEOs and directors by health insurance plan members seeking a declaration that the health plans “were and are illegal contracts” and a ruling that the CEOs or directors were personally liable after Liberty was deemed an insolvent insurer under Virginia Code Annotated Section 38.2-215....