In re the Liquidation of Lawyers Mortgage Co.

The relief sought in paragraph 1 of the notice of motion is consented to by the Superintendent of Insurance, as liquidator of Lawyers Mortgage Company, with one exception. The notice of motion asks that the order provide that the subordinate interests of the company should not be entitled to share *764in distribution “ until said certificate holders other than the Company shall have received the full amount of principal and interest guaranteed.” The Superintendent asks that the order provide instead that the company receive “ so much as may remain after paying whatever may be due to the…