Approximately 1456 Executive Life Insurance Company of New York (ELNY) shortfall victims, who collectively anticipate a $920 million present value loss under the proposed ELNY liquidation plan and restructuring agreement approved by New York Supreme Court Judge John Galasso on April 16, 2012, were denied their constitutional rights to due process according to an appeal filed August 17, 2012 with the Appellate Division (Second Department) of the New York Supreme Court.
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Beyond Structured Settlements: ELNY Appeal – Objectors’ Brief