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LaVECCHIA v. HIP OF NEW JERSEY

734 A.2d 361 (1999)

Jaynee LaVECCHIA, Commissioner of the Department of Banking and Insurance, and Len Fishman, Commissioner of the Department of Health and Senior Services, Plaintiffs, v. HIP OF NEW JERSEY, INC., d/b/a HIP Health Plan of New Jersey, PHP Healthcare Corporation, and Pinnacle Health Enterprises, L.L.C., Defendants.

Superior Court of New Jersey, Chancery Division, Middlesex County.

Decided March 5, 1999.

Attorney(s) appearing for the Case

Josh Lichtblau, Deputy Attorney General, for the plaintiffs (Peter Verniero, Attorney General, attorney; Mr. Lichtblau and Michael Goldman, Deputy Attorney General, on the brief).

David Samson, Roseland, for the defendant HIP of New Jersey (Wolf & Samson, attorneys; Gage Andretta, on the brief).

LINTNER, P.J.Ch.

This matter arises as a result of a delinquency proceeding filed by the Commissioner of Banking and Insurance against New Jersey's fourth largest health maintenance organization ("HMO"), HIP of New Jersey ("HIPNJ"). After entering an initial ex parte restraining order pursuant to N.J.S.A. 17B:32-39(b), an Order of Rehabilitation was entered appointing the Commissioner as Rehabilitator of HIPNJ and authorizing her to reform and revitalize...

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