A health insurance distributor accused of misleading consumers into buying nearly worthless plans has declared Chapter 11 bankruptcy protection from creditors. Benefytt Technologies, former distributor for Hollywood-based sales agency Simple Health Plans LLC, owes its creditors $606 million, the company disclosed. Last year it agreed to pay $100 million in consumer refunds.
Florida-based health insurance distributor Benefytt Technologies filed for Chapter 11 protection in a Texas bankruptcy court Tuesday with $606 million in debt and a plan to split the company between its lenders and its current equity owner.
Where a plaintiff has filed a complaint over allegedly unlawful telemarketing calls, the complaint must be dismissed because (1) the plaintiff’s Massachusetts Telemarketing Solicitation Act, civil conspiracy, and invasion of privacy claims are time-barred, (2) the plaintiff lacks standing to sue based on violations of Telephone Consumer Protection Act regulations governing internal do-not-call lists, (3)
/PRNewswire/ Parallaxes Capital Management ("Parallaxes") is an alternative asset manager and, since 2017, has raised four funds dedicated to Tax Receivable.