June 1, 2012 Executive Life Insurance Company of New York

Notice of Appeal Filed by Attorney Edward Stone

Attorney Edward Stone, who represents a number of ELNY payees, announced yesterday that he had filed a Notice of Appeal of Judge Galasso's April 16 Decision and Order of Liquidation. One of the various grounds for appeal attributed to Stone is his continuing claim that the Agreement of Restructuring creates impermissible sub-classes of ELNY payees. Counsel for the New York guaranty association has obtained what purports to be Stone's Notice of Appeal, and NOLHGA's working group will be confirming whether the Notice of Appeal has been filed and coordinating with the New York Liquidation Bureau on the appropriate course of action.

Task Force Chair - Jack Falkenbach;   Staff Contact -

Former U.S. Comptroller General to Speak at Legal Seminar

NOLHGA's 2012 Legal Seminar will feature the Honorable David M. Walker, founder and CEO of the Comeback America Initiative (CAI) and former Comptroller General of the U.S., as its keynote speaker during lunch on July 26.

At CAI, Walker leads the effort to promote fiscal responsibility and sustainability by engaging the public and assisting key policymakers on a nonpartisan basis to help achieve solutions to America's federal, state, and local fiscal imbalances. Prior to assuming his current position, he served as the first President and CEO of the Peter G. Peterson Foundation. In addition, Walker was appointed as the seventh Comptroller General of the United States and head of the U.S. Government Accountability Office (GAO) for almost 10 years (1998-2008). This was one of his three presidential appointments, each by different Presidents, during his 15 years of total federal service.

NOLHGA's 20th Annual Legal Seminar is scheduled to take place on July 26-27, 2012, at the Fairmont Copley Plaza in Boston. The seminar will be held in conjunction with an MPC meeting scheduled for July 24-25. More information about the seminar, including online registration, can be found on the meeting Web page. Please contact Meg Melusen at [email protected] if you have any questions.

  Staff Contact - Executive Life Insurance Company (California)

Trial Date Set in Artemis Case

On May 29, 2012, U.S. District Court Judge R. Gary Klausner met with the parties for a "Trial Setting Conference" in Los Angeles. The judge set the trial to begin on October 23, 2012. While the judge did not set trial limits, he did indicate that he thought the trial should take three to four days.

In addition, the judge set the following deadlines for motions and pretrial matters. Motions in Limine must be filed by July 12, are limited to five pages, and will be fully briefed by August 2. A joint statement of facts, to be agreed upon by the parties, may be filed jointly by the parties no later than August 1. The court will determine whether portions of this filing will be included in the court's statement of facts, which will be read to the jury. A pretrial hearing will be held on October 1 at 9:00 a.m.

Task Force Chair - Art Dummer;   Staff Contact - Bill O'Sullivan

New Contact Info for Oregon GA

The Oregon Life & Health Insurance Guaranty Association has nearly completed its move to a new office, and all guaranty association communications should now be sent to the association's new location:

Oregon Life & Health Insurance Guaranty Association
3355 N. Five Mile Road, #209
Boise, ID 83713
855.378.9510
FAX: 208.968.0206
E-mail: [email protected]

  Staff Contact - Sean McKenna