Eddie Stone, attorney for ELNY shortfall victims pulled off a "suplex" in Nassau County New York Supreme Court yesterday as "referee", Judge John M. Galasso overruled strenuous objections of lawyers for the Superintendent of the New York State Department of Financial Services (Superintendent), as Receiver for Executive Life of New York (ELNY), to permit expert witness Douglas A,. Hartz. Hartz was introduced in an effort to convince the judge to consider whether an alternative restructuring plan for ELNY is feasible and whether such a plan is more fair and equitable than the Superintendent's proposed plan.
Patrick Hindert continues his detailed commentary here
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