INS. COMM'R v. ARCILIO

Docket No. 187813.

561 N.W.2d 412 (1997)

221 Mich. App. 54

INSURANCE COMMISSIONER OF MICHIGAN, Petitioner-Appellee, v. Reynaldo ARCILIO, Isadore Levy, and Anthony V. Montalto, Respondents-Appellants.

Court of Appeals of Michigan.

Decided January 10, 1997, at 9:00 a.m.

Released for Publication April 4, 1997.


Attorney(s) appearing for the Case

Bodman, Longley & Dahling LLP by James J. Walsh, Detroit, and Cadwalader, Wickersham & Taft by Michael I. Sonkin and Gregory M. Petrick, New York City, for the Commissioner of Insurance.

Sinas, Dramis, Brake, Boughton, McIntyre & Reisig, P.C. by Bernard Finn, Lansing, Milberg Weiss Bershad Hynes & Lerach by Melvin I. Weiss, Jerome M. Congress, and Brad N. Friedman, New York City, and Arthur R. Miller, Cambridge, MA, for Reynaldo Arcilio, Isadore Levy, and Anthony V. Montalto.

Before HOLBROOK, P.J., and SAAD and W.J. GIOVAN, JJ.


PER CURIAM.

On August 11, 1994, pursuant to this state's insurers rehabilitation and liquidation act (IRLA), M.C.L. § 500.8101 et seq.; M.S.A. § 24.18101 et seq., the Commissioner of Insurance petitioned the Ingham Circuit Court for an order of rehabilitation and an ex parte order for seizure of the assets of Confederation Life Insurance Company (CLIC...

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