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STATE OF N.C. EX REL. LONG v. ALEXANDER & ALEXANDER

No. 88-1247-CIV-5.

711 F.Supp. 257 (1989)

STATE OF NORTH CAROLINA, on Relation of James E. LONG, Commissioner of Insurance, as Rehabilitator of the Beacon Insurance Company and as Representative of the Creditors and Claimants of the Beacon Insurance Company v. ALEXANDER & ALEXANDER SERVICES, INC.; Alexander & Alexander of New York, Inc.; Alexander & Alexander, Inc.; Alexander Howden Group, Ltd. (formerly Alexander Howden Insurance Brokers, Ltd.); Atlanta International Insurance Company (formerly Drake Insurance Company); Colin G. Bird; Peter J. Charman & Company, Ltd. (formerly Charman Mauduit [Insurance Brokers], Ltd.); Neill W. Portermain; the Puckett Group, Inc.; Puckett-Scheetz Insurance Agency, Inc. (formerly Puckett, Scheetz & Hagler, Inc.); Linton B. Puckett; and Ronald D. Scheetz.

United States District Court, E.D. North Carolina, Raleigh Division.

April 12, 1989.

Attorney(s) appearing for the Case

V. Lane Wharton, Jr., Hunter, Wharton & Howell, William L. Thorp, Thorp, Fuller & Slifkin, Raleigh, N.C., James L. Rohn, Baskin, Flaherty, Elliott & Mannino, Philadelphia, Pa., for plaintiff.

C. Thomas Ross, Craige, Brawley, Liipfert & Ross, Winston-Salem, N.C., F. Lane Williamson, Jim D. Cooley, Womble, Carlyle, Sandridge & Rice, Charlotte, N.C., James E. Walker, Kennedy, Covington, Lobdell & Hickman, Douglas M. Martin, Palmer, Miller, Campbell & Martin, Charlotte, N.C., for defendants.

ORDER

TERRENCE WILLIAM BOYLE, District Judge.

On February 20, 1984, the Beacon Insurance Company (Beacon), an insolvent North Carolina corporation, was placed in voluntary rehabilitation by order of the North Carolina Superior Court. This action was subsequently brought by the North Carolina Commissioner of Insurance in his capacity as Beacon's rehabilitator, alleging that the defendants caused Beacon to become insolvent through various unfair and deceptive...

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