Settlement in Woldt vs. MCMC case - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
October 7, 2014 Newswires
Share
Share
Post
Email

Settlement in Woldt vs. MCMC case

Erin Trester, The Daily Globe, Worthington, Minn.
By Erin Trester, The Daily Globe, Worthington, Minn.
McClatchy-Tribune Information Services

Oct. 07--SLAYTON -- A settlement between former Murray County Medical Center (MCMC) physician assistant Daniel Woldt and the MCMC Hospital Board of Directors was reached Sept. 24, and court documents released Monday state Woldt will receive more than $700,000.

"The coverage provided by MCMC's insurance policy is reduced by each dollar paid for attorneys' fees and costs in defending the case," the MCMC board said in released statement. "Thus, if the lawsuit continued for one to two more years, which was entirely possible, the costs of defending the case would have continued to deplete the amount available to cover any possible verdict."

Settling the case now allowed MCMC to use $710,800 of insurance proceeds toward the settlement.

"We understand that emotions may still be high and that some members of the public may want to continue to discuss the conflict," the MCMC board added. "We ask that such discussions cease.

"We have entered into a settlement agreement with Woldt with all parties not agreeing not to disparage any other party or to discuss this litigation further. We ask that you do the same."

Under the settlement's term, Woldt receives $41,202 for supplemental wage payment and $370,820 for alleged compensatory, non-wage damages Woldt claimed to have suffered in connection with the claims asserted in the original complaint. Woldt also received $337,977 for legal fees and other expenses in connection with the matter.

Woldt originally filed the lawsuit in May 2013, claiming that MCMC punished him after he reported two cases of Medicare fraud and breached his contract. He also claimed former MCMC CEO Meldon Snow published false, exaggerated and defamatory information regarding him, and that MCMC and Snow defamed him and deprived him of his right to free speech.

Court documents state the payment to Woldt is not a payment of severance, separation pay or pay for any compensation for services rendered after the date of Woldt's resignation of employment with MCMC.

Woldt was employed at MCMC from 2006 through April 2013.

___

(c)2014 The Daily Globe (Worthington, Minn.)

Visit The Daily Globe (Worthington, Minn.) at www.dglobe.com

Distributed by MCT Information Services

Wordcount:  351

Newer

LexisNexis and STOP THE TRAFFIK launch a new report looking at human trafficking within the cotton industry

Advisor News

  • Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
  • The biggest risk to your clients’ financial plans isn’t market volatility
  • Initiative looks at how caregiving impacts workplace benefits
  • Will rising retirement needs spark an annuity boom?
  • Living longer, retiring poorer: Why fragmented systems are failing Americans
More Advisor News

Annuity News

  • Fortitude Re Completes $500 Million FABN Issuance
  • Reframing retirement income for greater certainty
  • Jackson Introduces Dow Jones Industrial Average Index Option, Flexible Premiums, Six-Year Rate Guarantee in Latest Registered Index-Linked Annuity Launch
  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • NAIC regulators continue pushing for annuity illustration updates
More Annuity News

Health/Employee Benefits News

  • Amid slew of corporate tax ideas, Newsom chose one likely to hit people’s premiums
  • The biggest risk to your clients’ financial plans isn’t market volatility
  • Initiative looks at how caregiving impacts workplace benefits
  • WHAT TO KNOW ABOUT RECENT FEDERAL ACTIONS INVOLVING STATE MEDICAID PROGRAM INTEGRITY
  • WOMEN'S HEALTH INSURANCE COVERAGE
More Health/Employee Benefits News

Life Insurance News

  • Greg Lindberg moves to halt $1.65B restitution order, claims he ‘overpaid’
  • Fidelity Investments® to Expand Target Date Lineup With Launch of Guaranteed Income Solution
  • KBRA Releases Research – Private Credit: Much Ado About Nothing – Perspectives on Columbia Business School Paper About Private Ratings
  • VUL sales skyrocket in Q1, signaling major market shift
  • KBRA Releases Research – Private Credit: A More Balanced Review of the NAIC PLR Review Process for Insurance Balance Sheets
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Maximize Your FIA Case Results
Learn a repeatable process to review, reposition, and present FIA opportunities with confidence.

Aim higher during Annuity Awareness Month
Raise the bar with our diverse portfolio of Ascend annuities, backed by superior financial strength

You Could Be Losing Up to 20% of Your Commissions
GreenWave helps you find, fix, and prevent commission errors.

True Independence Means Having Choices
Cambridge offers flexibility, stability, proven tools—no private equity strings attached.

Life moves fast. Your BGA should, too.
Stay ahead with Modern Life's AI-powered tech and expert support.

Looking for stronger rates, amplified growth & real results?
Sentinel's Accumulation Protector Plus℠ Annuity is for clients wanting more from retirement planning

Press Releases

  • Senior Market Sales® Fortifies Annuity Reach With Acquisition of Retirement Planning Firm Stratton & Company
  • RFP #T01625
  • Rockwood Programs Appoints Kerry Ladouceur as Vice President, Financial Lines
  • JP Insurance Group Launches Commercial Property & Casualty Division; Appoints Joe Webster as Managing Director
  • Sequent Planning Recognized on USA TODAY’s Best Financial Advisory Firms 2026 List
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet