CORCORAN v. ARDRA INS. CO., LTD.

No. 85 Civ. 6304 (PKL).

657 F.Supp. 1223 (1987)

James P. CORCORAN, Superintendent of Insurance of the State of New York, and his successors in office as Superintendents of Insurance of the State of New York, as Liquidator of Nassau Insurance Company, in Liquidation, Plaintiff, v. ARDRA INSURANCE COMPANY, LTD., Richard S. Diloreto and Jeanne S. Diloreto, Defendants.

United States District Court, S.D. New York.

April 16, 1987.


Attorney(s) appearing for the Case

Alberti & Epstein for the Liquidation Bureau of the Ins. Dept. of the State of N.Y., Andrew A. Alberti, LeBoeuf, Lamb, Leiby & MacRae, New York City, for plaintiff; Cecelia Kempler, Ronald J. Gizzi, Barbara W. Vermuelen, of counsel.

Rein, Mound & Cotton, New York City, for defendants; James D. Veach, Adam B. Rowland, of counsel.


OPINION & ORDER

LEISURE, District Judge:

Plaintiff, James P. Corcoran, Superintendent of Insurance of the State of New York ("the Superintendent"), as Liquidator of Nassau Insurance Company ("Nassau"), has brought this action against the Ardra Insurance Company Ltd. ("Ardra"), a Bermuda reinsurance company, and two officers of Ardra, Richard S. Diloreto and Jeanne S. Diloreto (the "DiLoretos") seeking the recovery of reinsurance proceeds under three...

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