TANCREDI v. METROPOLITAN LIFE INS. CO.

No. 00 CIV 5780 LAK.

149 F.Supp.2d 80 (2001)

Stephen TANCREDI, et ano., Plaintiff, v. METROPOLITAN LIFE INSURANCE COMPANY, et ano., Defendants.

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

July 9, 2001.


Attorney(s) appearing for the Case

Michael P. Malakoff, Malakoff Doyle & Finberg, P.C., Pittsburgh, PA, Barry A. Weprin, Milberg Weiss Bershad Hynes & Lerach, LLP, New York City, Peter Wasylyk, Law Offices of Peter Wasylyk, Providence, RI, for Plaintiff.

Bruce E. Yannett, Colby A. Smith, Carl Micarelli, Debevoise & Plimpton, New York City, Duncan J. Logan, Metropolital Life Insurance Company, for Defendants.


MEMORANDUM OPINION

KAPLAN, District Judge.

On April 7, 2000, Metropolitan Life Insurance Company ("MetLife") converted from a mutual to a stock insurance company pursuant to New York Insurance Law § 7312, which was enacted to permit such conversions. The conversion received the required approval of the New York Superintendent of Insurance based on his finding that the plan of reorganization was fair and equitable to policy holders.

Plaintiffs...

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