In 2019, the Medical Liability Mutual Insurance Company completed its demutualization process, which involved the distribution of $2.502 billion in consideration for the extinguishment of membership interests. (Credit: Matthew Benoit/Adobe Stock) In 2019, the Medical Liability Mutual Insurance Company completed its demutualization process, which involved the distribution of $2.502 billion in consideration for the extinguishment of membership interests. (Credit: Matthew Benoit/Adobe Stock)

After hearing an oral argument on a set of related cases Wednesday, the New York Court of Appeals is weighing who should receive the money paid out when a mutual insurance company responsible for medical malpractice insurance converts to a stock insurance company.

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Jane Wester

Jane Wester is a litigation reporter for the New York Law Journal. Email her at [email protected] or find her on Twitter @janewester.

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