Koken v. Fidelity Mutual Life Insurance

ORDER

OPINION BY

President Judge COLINS.

The Fidelity Mutual Life Insurance Company (“FML”) was placed in rehabilitation by order of this Court dated November 6, 1992, with the consent of FML’s then board of directors. In the ensuing years, several plans of rehabilitation were proposed and submitted to the Court but subsequently withdrawn for various reasons. On May 22, 2002, the Rehabilitator’s Third Amended Plan of Rehabilitation was, with modifications, approved by this Court. 803 A.2d 807 (Pa.Cmwlth.2002). However, due to the inability to attract sufficient bids from qualified bidders for…