Medical Malpractice Insurance Association v. Methodist Hospital of Brooklyn

Order of the Supreme Court, New York County, entered March 3, 1978, which granted the motion of defendant for a stay of all proceedings in this action pending the determination of a hearing before the New York State Insurance Department conditioned upon the deposit by defendant of a sum equal to 40% of the amount sought to be recovered against it in an interest bearing regular or time deposit account in its name with the provision that no part of such account shall be touched until final disposition of this action or in substitution therefor the allocation of securities held by defendant to…