New York's highest court, the Court of Appeals, has issued a unanimous decision in favor of Cozen O'Connor client National Colonial Insurance Company in Liquidation (NCIC), directing that a trust fund on deposit in New York be transferred to NCIC's liquidator in Kansas, NCIC's domiciliary state. The decision is significant for its reaffirmation of a uniform national system for the orderly administration of insolvent insurance companies.
Cozen O'Connor senior member Francine L. Semaya, chair of the firm's Insurance Corporate and Regulatory Department, orally argued the case before the court in Albany. Junior member William K. Broudy was on the brief, with the assistance of associate Gregg E. Englehardt.
Cozen O'Connor senior member Michael J. Heller was recently appointed to the board of directors for The Prince Music Theater in Philadelphia. Founded in 1984, The Prince Music Theater is a non-profit organization offering musical theater productions, film screenings, and cabaret performances. The theater also offers educational programs to Philadelphia area students that include internships, apprenticeships and opportunities topartner with professional writers, directors, choreographers, and musicians to create and stage original productions.
Mr. Heller is vice-chair of Cozen O'Connor's corporate practice, chair of the emerging business and venture capital practice, and a member of the firm's executive committee.