Greenspoon Marder Assists Client To Avoid $6.18M Assessment by State of Connecticut
News
Fort Lauderdale, Fla., December 14, 2020 – Starting with just three days to preserve the client’s court challenge, Greenspoon Marder’s Litigation team was able to convince the state of Connecticut’s Department of Insurance to withdraw a $6.18M assessment against our client, a multinational corporation that provides information technology, consulting and business process services. The state of Connecticut assesses most companies that provide health insurance or services to health insurance companies to Connecticut residents for the costs of a state vaccination program. The company provided their services to a major health insurer, and so was obligated to report to the state.
By reporting the number of individuals it served, the client duplicated the reporting of the health insurer, so that when the state assessed the client, it duplicated the assessment already made to the health insurer. With the assistance of a forensic accountant, the Greenspoon Marder team was able to demonstrate that the only health services the client provided were to the health insurer’s customers and validate that the same numbers had unintentionally been reported by both companies. The agency agreed with the examiner’s findings detailing the correlation between the numbers reported, and entered into a settlement agreement setting aside the assessment and crediting the $6.18M invoice received, a favorable result for the client.
The Greenspoon Marder team was spearheaded by partners Richard Epstein and Robby Birnbaum with assistance of Julia Stepanova , David Schnobrick , and Matthew Rapkowski .
About Greenspoon Marder Greenspoon Marder is a national full-service business law firm with over 200 attorneys and offices across the United States. We are ranked among American Lawyer ’s Am Law 200, as one of the top law firms in the U.S. since 2015. Our firm was founded with the goal of providing the highest quality legal services at the highest value for our clients. Each of our clients is unique and so are their legal needs. We believe no one size fits all for professional services. Our lawyers offer flexible and creative solutions to meet our clients’ respective needs. Our mission is to understand the challenges our clients face, build collaborative relationships and craft solutions with a focus on strategic goals.
MEDIA CONTACT natalie.villanueva@gmlaw.com
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