Liquidation of Pine Top Insurance v. Shapo

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• “We find support for our position in cases pertaining to federal bankruptcy and equitable receivership proceedings, both of which are analogous to proceedings to liquidate an insolvent insurance company.”
• “[A]s the liquidator cannot, for reasons beyond his control, pay claims on the date on which they are allowed, it would be unfair to award postallowance interest as a penalty for nonpayment.”

Source: CourtListener parenthetical corpus (CC0).