In re CASTLEPOINT NATIONAL INSURANCE COMPANY in Liquidation.
RICARDO LARA, as Insurance Commissioner, etc., Plaintiff and Respondent,
v.
CASTLEPOINT NATIONAL INSURANCE COMPANY et al., Defendants and Respondents;
ALESCO PREFERRED FUNDING VIII, LTD., et al., Claimants and Appellants.
Court of Appeals of California, First District, Division Five.https://leagle.com/images/logo.png
June 15, 2021.
June 15, 2021.
Attorney(s) appearing for the Case
Murphy Rosen, Paul D. Murphy ; Wollmuth Maher & Deutsch, Jay S. Handlin ; Greines, Martin, Stein & Richland, Robin Meadow and Laurie J. Hepler for Claimants and Appellants Alesco Preferred Funding VIII, Ltd., Alesco Preferred Funding XI, Ltd., Alesco Preferred Funding XII, Ltd., Alesco Preferred Funding XIV, Ltd., Hildene Opportunities Master Fund II, Ltd., NFC Partners, LLC, Wolf River Opportunity Fund LLC, Wolf River Partner Fund, and WT Holdings, Inc.
Reed Smith, Jesse L. Miller , Maytak Chin ; Debevoise & Plimpton and Carl Micarelli pro hac vice for Defendants and Respondents ACP Re, Ltd., ACP Re Holdings, LLC, AmTrust Financial Services, Inc., CastlePoint Bermuda Holdings, Ltd., CastlePoint Management Corp., Integon National Insurance Company, National General Holdings Corp., Preserver Group, Inc., Technology Insurance Company, Inc., Tower Group, Inc., Tower Group International, Ltd., William F. Dove, William F. Fox, Jr., William E. Hitselberger, Michael H. Lee, Herbert Lemmer, Elliot S. Orol, William A. Robbie, James E. Roberts, Steven W. Schuster, Robert S. Smith, Jan R. Van Gorder, Austin P. Young, III, Meghan Zeigler, George Karfunkel, Leah Karfunkel, Estate of Michael Karfunkel, Barry Zyskind, Michael Karfunkel Family 2005 Trust, and Michael Karfunkel 2005 Grantor Retained Annuity Trust.
OPINION
SELIGMAN, J.*—
This case concerns the scope of injunctions and releases from a California insurance insolvency proceeding and whether they bar claims in a New York lawsuit. The appellants here are some of the plaintiffs in the New York lawsuit...
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