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Tuesday, July 08, 2008
Ind. Law - More on: "Indy Law Firm moves beyond its nightmare"
This morning the ILB quoted from John Ketzenberger's story in the Indianapolis Star:
The partners made an undisclosed cash payment to the state, then gave Department of Insurance Commissioner Jim Atterholt the right to sue ProNational. The state's attorneys, Irwin Levin and Richard Shevitz, who won the original judgment against Fillenwarth Dennerline, did just that.Now Greg Andrews of the Indianapolis Business Journal has revealed the amount in a story that begins:
An Indianapolis law firm has paid $50,000 to the Indiana Department of Insurance in a deal that extricates it from an $18 million jury verdict stemming from the collapse of a health insurance trust.The department released Fillenwarth Dennerline Groth & Towe from the massive judgment that a Marion County jury handed down against the law firm two years ago. In return, the firm transferred to the department the bad-faith claims it is pursuing against its malpractice insurer, Alabama-based ProNational Insurance Co.
That's where the real money is, said Doug Webber, chief legal counsel for the department.
"It is our view that the law firm had limited assets," and even those would be difficult to get at if the firm sought bankruptcy court protection, Webber said.
Posted by Marcia Oddi on July 8, 2008 07:04 PM
Posted to General Law Related