This is the public posting of draft documents (“Draft Sale Documents”) relating to the proposed sale of assets by the Midland Insurance Company in Liquidation (“Midland”). The Draft Sale Documents will be posted for public comment for a period of 45 days. All interested persons are invited to submit comments as directed below. The proposed sale will occur through a competitive bidding process allowing New York State Superintendent of Insurance, Eric R. Dinallo, as liquidator of Midland (“Liquidator”), to select the highest and best bid to maximize policyholder recovery and provide for a fair and expeditious method of resolving claims.
Questions and comments may be directed by email to firstname.lastname@example.org or by telephone to 212-341-6731. The Liquidator will accept comments until April 20, 2009 and will consider all timely received comments. The Liquidator intends, after the comment period, to submit amended sale documents to the Supreme Court of New York, County of New York, for approval.
The Draft Sale Documents include:
2008 Financial Statements for the Midland Estate:
The information provided herein is not an offer or solicitation to purchase or sell any securities, options, futures, or other derivatives related to securities in any jurisdiction. The information provided herein is for general informational purposes and should not be relied upon in connection with any decision, transaction, change in position or any other purpose. The NYLB makes no representations or warranties, express or implied, regarding Midland or the accuracy, completeness, suitability, sufficiency or appropriateness of the information. The NYLB is not responsible for any loss or damages resulting from any reliance on this statement.