Platinum Partners Receiver Agrees to Pay $14 Million to Insurers in Beechwood Re Fraud Case



DOCUMENTS
  • Proposed Settlement


NEW YORK — The receiver for Platinum Partners has agreed to pay $14 million to a group of insurers, including the insolvent Senior Health Insurance Company of Pennsylvania, to settle a long-running battle in which the insurers sought to recoup $44 million they had sunk into the defunct hedge fund.

The receiver filed the proposed settlement agreement with the U.S. District Court for the Southern District of New York on July 2.

SHIP, a Pennsylvania long-term care insurer, was owned by a charitable trust, Senior Health Care Oversight Trust, which was formed to manage the solvent run-off of SHIP’s …






UPCOMING CONFERENCES




HarrisMartin's Webinar Series: The Paragard IUD Litigation

November 10, 2020 - Haddonfield, NJ
HarrisMartin Webinar Series

MORE DETAILS



HarrisMartin's Webinar Series: TDF HIV Litigation

November 11, 2020 - Haddonfield, NJ
HarrisMartin Webinar Series

MORE DETAILS