1. Home
  2. Browse Decisions
  3. B.R.
  4. 148 B.R.
  5. 148 B.R. 1002 (1993)
 

IN RE DREXEL BURNHAM LAMBERT GROUP, INC.

Nos. 90 B 10421 (FGC), 92 Civ. 7932 (MP) and 90 Civ. 6954 (MP).

148 B.R. 1002 (1993)

In re The DREXEL BURNHAM LAMBERT GROUP, INC., et al., Debtors. FLORIDA DEPARTMENT OF INSURANCE, as Receiver of the Estate of Guaranty Security Life Insurance Company, Appellant, v. The DREXEL BURNHAM LAMBERT GROUP INC., et al., Appellees.

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

January 4, 1993.

Attorney(s) appearing for the Case

Tew & Garcia-Pedrosa (Thomas Tew, Michael Goldberg, of counsel), Miami, FL, for appellant.

Weil, Gotshal & Manges (Peter Gruenberger, of counsel), New York City, for appellee DBL Liquidating Trust.

Berger & Montague, P.C. (David Berger, of counsel), Philadelphia, PA, Wolf Popper Ross Wolf & Jones (Stanley Nemser, of counsel), New York City, for appellee Subclass B.

MILTON POLLACK, Senior District Judge:

GSL was a Florida insurance company which, during a period beginning in January 1984 and ending sometime before August 1991 — when GSL was declared insolvent and placed into receivership —, marketed and sold above-market yielding annuities and single premium whole life insurance policies through highly commissioned agents and brokers. GSL supported its high costs and above market yields by investing a very large...

Let's get started

Leagle.com

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.

Citing Cases