In the Matter of the Liquidation of Ideal Mutual Insurance Company.
James P. Corcoran, Superintendent of Insurance of The State of New York, as Liquidator of Ideal Mutual Insurance Company, Appellant,
v.
B. Frederick Becker et al., Respondents
Appellate Division of the Supreme Court of the State of New York, First Department.https://leagle.com/images/logo.png
September 8, 1988
September 8, 1988
Attorney(s) appearing for the Case
James Sandnes of counsel (Michael P. Tierney, Marc J. Korpus, David S. Douglas and Peter Phillips with him on the brief; Cahill Gordon & Reindel, P. C., attorneys), for appellant.
Michael V. Corrigan of counsel (Donald K. Stockdale, Jr., and Cindy F. Forman with him on the brief; Simpson Thacher & Bartlett, attorneys), for B. Frederick Becker and others, respondents.
James F. Rittinger of counsel (Satterlee Stephens Burke & Burke, attorneys), for Thomas A. Duffield and others, respondents.
Luanne Surace of counsel (Dechert Price & Rhoads, attorneys), for Robert A. Wachsler, respondent.
A. Broadus Anderson, III, of counsel (Friedman, Levy & Anderson, attorneys), for William R. Spence, respondent.
Henry James Wallach of counsel (Hart & Hume, attorneys), for Joseph B. Gibson, respondent.
Bernard Hubscher for Gerard Dolman, respondent.
William P. Laino of counsel (Lynch Rowin Burnbaum & Crystal, attorneys), for Frederick A. Vyn, respondent.
Paul C. Kurland of counsel (Snow, Becker, Kroll, Klaris & Krauss, P. C., attorneys), for Thomas A. Ruden, respondent.
KUPFERMAN, J. P., ROSS, KASSAL and ROSENBERGER, JJ., concur.
Appellate Division of the Supreme Court of the State of New York, First Department.
ELLERIN, J.
This action, which charges various officers and directors of Ideal Mutual Insurance Co. with breach of their fiduciary duties and mismanagement leading to the company's insolvency, was instituted by the Superintendent of Insurance as liquidator of the company. The instant appeal concerns the validity of certain affirmative defenses interposed by the defendant officers and directors which are based...
Let's get started
Welcome to the leading source of independent legal reporting Sign on now to see your case. Or view more than 10 million decisions and orders.
Updated daily.
Uncompromising quality.
Complete, Accurate, Current.
Listed below are the cases that are cited in this Featured Case. Click the citation to see the full
text of the cited case. Citations are also linked in the body of the Featured Case.
Cited Cases
No Cases Found
Listed below are those cases in which this Featured Case is cited. Click on the case name to see the
full text of the citing case.
