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RILEY v. SIMMONS

Civ. A. No. 91-3626.

839 F.Supp. 1113 (1993)

Charles N. RILEY, et al., Plaintiff, v. Ted D. SIMMONS, et al., Defendants.

United States District Court, D. New Jersey.

December 13, 1993.

Attorney(s) appearing for the Case

Kenneth A. Jacobsen, Lisa J. Rodrigues, Ira Neil Richards, Chimicles, Burt, Jacobsen & McNew, Haverford, PA, and Daniel W. Krasner, Peter C. Harrar, Michael Jaffe, Wolf, Haldenstein, Adler, Freeman & Herz, New York City, and Dianne Nast, Kohn, Nast & Graf, Philadelphia, PA, for plaintiffs.

Steven S. Radin, Joseph L. Buckley, Sills Cummis Zuckerman Radin Tischman Epstein & Gross, Newark, NJ, for defendants Brown, Bull, Carlotti, Cartledge, Ferland, Hardin, Harris, Huck, Futter, Kraemer, Marano, Simmons and Weston.

Bruce E. Baldinger, Somerville, NJ, for defendant Kates.

Robert J. Del Tufo, Atty. Gen. of N.J., Trenton, NJ and Robert L. Ritter, Cole, Schotz, Bernstein, Meisel & Forman, Hackensack, NJ, for intervenor/commissioner/rehabilitator.

OPINION

WOLIN, District Judge.

This matter comes before the Court on the joint motion of defendants Fred Brown, Edward Bull, Stephen Carlotti, Raymond Cartledge, E. James Ferland, Ellen Futter, Paul Hardin, Peter Harris, John Huck, John Kreamer, Rocco Marano, Ted Simmons, Josh Westons, and Henry Kates (collectively "defendants"), former directors of Mutual Benefit Life Insurance Company ("Mutual Benefit" or the "Company"), to dismiss the Consolidated...

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