MATTER OF FINANCIAL GUARANTY INSURANCE COMPANY

401265/12.

39 Misc.3d 208 (2013)

958 N.Y.S.2d 585

2013 NY Slip Op 23023

In the Matter of the Rehabilitation of FINANCIAL GUARANTY INSURANCE COMPANY.

Supreme Court, New York County.

January 24, 2013.


Attorney(s) appearing for the Case

Weil Gotshal & Manges, LLP, New York City, for petitioner.


OPINION OF THE COURT

DORIS LING-COHAN, J.

It is ordered that the court cancels the evidentiary hearing date, as to the proposed plan, scheduled for Monday, January 28, 2013, given the lack of sufficient evidence in the submissions to raise a material question of fact. Thus, a need for an evidentiary hearing has not been established.

This is a rehabilitation proceeding brought under Insurance Law article 74. Insurance Law § 7402 (a), in relevant...

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