Joel M. Greenberg, Esq. Discusses MLMIC Buyout Dispute Update
In today’s New York Law Journal, Frier Levitt attorney Joel M. Greenberg, Esq. discusses two recent appellate decisions that determined that the proceeds from the sale and demutualization of New York’s largest medical malpractice carrier, the Medical Liability Mutual Insurance Company (MLMIC), belong to the insured policyholders rather than to their employers who may have paid their malpractice premiums and/or acted as their Policy Administrator. In recent months, unanimous decisions rendered by five-judge Appellate Division panels in both the Third and Fourth Departments have shifted the momentum in the battle over who is entitled to the proceeds.
Read the full article here.