ELNY – Leave to Appeal Denied

Despite our best efforts, the New York Court of Appeals denied our motion for leave to appeal the Appellate Division decision and will not hear our case on the merits.   We expect that the Restructuring Plan will be signed shortly and benefit reductions will start soon after that.  As difficult as it may be to accept, anyone who has received a notice from the NYLB that their benefits are slated for cuts should prepare for benefit reductions to begin soon. If you are an Executive Life Insurance Company of New York (ELNY) annuitant and you have received a notice that your payments are to be cut and you have not yet had your ELNY structured settlement documents reviewed, please contact us at (203) 504-8425 or via email at eddie@edwardstonelaw.com.