BlackRock Subsidiary’s Deal Revealed in ‘Take Care of Maya’ Case

Emily Siegel reports that a fee dispute arising from the “Take Care of Maya” litigation has revealed how BlackRock-owned HPS structured a $42 million non-recourse advance against a $200 million-plus hospital judgment, including restrictions on settlements, consent rights over changes of counsel and ongoing reporting obligations to the lender after the family’s $200 million-plus hospital verdict was overturned.