Merrill Lynch instead filed an interpleader
However, the Missouri legislature recently amended its interpleader
statute, which may provide significant protection to insurance companies against such bad faith claims arising from the defense and settlement of multiple claims against the insured.
The petitioner was a defendant in an interpleader
action filed by the Clerk of the Circuit Court of Manatee County (case no.
Justice Secretary Menardo Guevarra agreed with Solicitor General Jose Calida that the settlement agreement in the interpleader
case pending at theNew York District Court is disadvantageous to the Philippine government.
He agreed with Calida that the settlement agreement in the interpleader
case pending at the New York district court was disadvantageous to the Philippine government.
Alternatively, an insurance company or retirement plan sponsor, unsure of whether the state slayer statute should be applied, may bring an action in court (called an interpleader
action) and ask the court to determine who the proper beneficiary is.
due to PLT under the contract and brought an interpleader
Certain noteholders junior to the class A-1 and A-2 notes, along with the collateral manager TP Management LLC, filed interpleader
complaint objecting to the involuntary bankruptcy filing.
Insurers who file an interpleader
action can deposit their coverage limits into an account maintained by the court, which would then decide how to split the proceeds.
Not satisfied by QuadrigaCX's explanation of who owns the funds, the bank has requested an 'interpleader
order', which would see the court take possession of the money and subsequently decide who to hand it over to.
is a specialized joinder mechanism designed to address
Contreras, Rationalizing FRAND Royalties: Can Interpleader
Save the Internet of Things, 36 REV.