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New Jersey Doctors Sue Medical-Malpractice Insurer over Stock Allocation.
Knight Ridder/Tribune Business News, September, 1999 by Shook, David
Knight Ridder/Tribune Business News
Sep. 3 -- On a cluttered desk in his West Orange law office, retired judge Theodore Botter is sorting through what he calls the most compelling case of his career.
A group of New Jersey doctors are suing their medical malpractice insurer, the Lawrenceville-based MIIX Group, which recently made its first public offering of stock, raising more than $40 million.
The case amounts to a feud between physician-members of MIIX and the company's senior managers over controversial stock distributions in the 20-year-old, doctor-owned insurance pool. The dispute may seem less like a landmark lawsuit than a spate among wealthy stockholders, but Botter believes the state has overlooked a sweetheart deal that cuts...
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