Seeger Weiss Lead Counsel Securities Fraud Class Action Against MIIX

Seeger Weiss Serves as Court-Appointed Lead Counsel in Securities Fraud Class Action Against MIIX

Seeger Weiss LLP serves as Court-Appointed Lead Counsel in this securities fraud class action against MIIX and various of its current and former directors and officers. MIIX was one of the largest medical malpractice liability insurers in the United States until 2002 when the company disclosed that its loss reserves were wholly inadequate and that it would be putting its non-New Jersey insurance business into a solvent run-off. In December 2004, MIIX filed for Chapter 11 bankruptcy protection. On the eve of the bankruptcy, Seeger Weiss LLP secured a settlement of the claims on behalf of the class of $2,520,000. The settlement is awaiting approval by the bankruptcy and district court.

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