IN MATTER OF MIDLAND INS. CO.


20 Misc.3d 488 (2008)

861 N.Y.S.2d 922

In the Matter of the Liquidation of MIDLAND INSURANCE COMPANY.

Supreme Court, New York County.

April 15, 2008.


Attorney(s) appearing for the Case

Kirkpatrick & Lockhart Nicholson Graham, L.L.P., Pittsburgh, Pennsylvania (David F. McGonigle and Scott A. Bowan of counsel), for American Standard, Inc.

McCarter & English, L.L.P., Newark, New Jersey (Gita F. Rothschild and James H. Knight of counsel), for Flintkote Company.

Eckert Seamans Cherin & Mellott, LLC (David J. Strasser and Erin W. McDowell, Pittsburgh, Pennsylvania, and Steven R. Kramer, White Plains, of counsel), for CBS Corporation.

Gilbert Heintz & Randolph, LLP, Washington, D.C. (Richard D. Martindale and Christine P. Hsu of counsel), for Babcock & Wilcox Company Asbestos PI Trust.

Dughi & Hewit, P.C., Cranford, New Jersey (Russell L. Hewit and Craig A. Domalewski of counsel), for Congoleum Corporation.

Covington & Burling, Washington, D.C. and New York City (Marialuisa S. Gallozzi and Michael C. Nicholson of counsel), for Uniroyal Holding.

Simpson Thacher & Bartlett, LLP, New York City (Barry R. Ostrager, Mary Kay Vyskocil, Pamela B. Reichlin and Jeffrey Coviello of counsel), for Swiss Reinsurance America Corporation and others, intervenors.

Lovells LLP, New York City (Sean Thomas Keely and Kathleen E. Schaaf of counsel), for R & Q Reinsurance Company and another, intervenors.

Riker, Danzig, Scherer, Hyland & Perretti, LLP, Morristown, New Jersey (Thomas J. Perry of counsel), for American Centennial Insurance Company, intervenor.

Crowell & Moring, LLP, Washington, D.C. (Paul W. Kalish of counsel), for Everest Reinsurance Company, intervenor.

McCarthy, Leonard, Kaemmerer, Owen, McGovern, Striler & Menghini, L.C., Chesterfield, Missouri (James C. Owen and Katherine S. Walsh of counsel), and Schillinger & Finsterwald, LLP, White Plains, for Superintendent of Insurance of State of New York, as liquidator.


OPINION OF THE COURT

MICHAEL D. STALLMAN, J.

In this liquidation proceeding of Midland Insurance Company, certain policyholders seek a determination of the law that governs the interpretation of their policies. In denying the policyholders' claims, the liquidator applied New York law to the interpretation of their policies. The liquidator believes that the Appellate Division held in Matter of Midland Ins. Co. (269 A.D.2d 50

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