Maryland Supreme Court Affirms MSP Recovery's Assignments, Paving the Way for Class Action Lawsuit Against GEICO

  • MIAMI, July 15, 2025 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ: MSPR) (“MSP Recovery” or the “Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, announces a major legal victory before the Supreme Court of Maryland.i The Court – the highest in the State of Maryland – upheld the validity of MSP Recovery's claim assignments from Medicare Advantage Organizations (MAOs), rejecting arguments that the Company's assignment model violated Maryland public policy. The ruling enables MSP Recovery to proceed with its long-standing federal class action lawsuit against Government Employees Insurance Company (GEICO), one of the largest auto liability insurers in the nation.