NC appeals court deals another blow to Greg Lindberg’s crippled empire
March 6, 2024 by John Hilton
A North Carolina appeals court partially reversed a lower-court ruling today and affirmed liquidation proceedings against insurers once owned by embattled investor Greg Lindberg.
In a unanimous decision, a three-judge appellate panel issued an opinion against GBIG Holdings, which had sought to delay liquidation of Bankers Life Insurance Co. and Colorado Bankers Life Insurance Co. The judges reversed a lower-court ruling granting intervenor status to GBIG.
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Originally Posted at InsuranceNewsNet on March 5, 2024 by John Hilton.
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