Maryland Supreme Court upholds MSP Recovery's assignments, allowing GEICO class action to proceed

MSP Recovery, Inc.

Maryland's highest court unanimously ruled assignments from Medicare Advantage Organizations are valid and not champertous.
Ruling enables MSP Recovery to pursue federal class action against GEICO for alleged systematic non-reimbursement of MAO conditional payments.
Data-matching analysis from March 2011 to July 2019 identified substantial matches where GEICO settled claims but failed to reimburse MAOs.
CEO John H. Ruiz called the decision a landmark affirmation of the company's model and mission.
Court rejected GEICO's reliance on centuries-old champerty doctrines, confirming modern enforceability of assignment-based recovery strategy.

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