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Liquidation Bureau Seeks Appointment as Ancillary Receiver of Ullico

Tuesday, June 11, 2013 | 0

The New York Liquidation Bureau has filed a petition in New York Supreme Court seeking to be appointed ancillary receiver of Ullico Casualty Co.A hearing on the matter is scheduled July 3 at 9:30 a.m.As part of the petition, Superintendent of Financial Services Benjamin Lawsky is seeking an order permanently enjoining and restraining all persons from prosecuting any actions or lawsuits against Ullico in New York. Lawsky is requesting that all proceedings against Ullico be stayed for 180 days.On May 16, the court-appointed receiver of Ullico Casualty Co petitioned the Delaware Chancery Court to...

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