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FRANKLIN H. WILLIAMS INS. TRUST v. TRAVELERS INS.

No. 93 Civ. 4061(LLS).

847 F.Supp. 23 (1994)

FRANKLIN H. WILLIAMS INSURANCE TRUST, et al., Plaintiffs, v. The TRAVELERS INSURANCE CO., Defendants.

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

March 25, 1994.

Attorney(s) appearing for the Case

Tanner, Propp & Farber, New York City, for plaintiffs (Sharman Propp, of counsel).

Townley & Updike, New York City, for defendant (Richard R. Lutz, of counsel).

OPINION AND ORDER

STANTON, District Judge.

Plaintiff Franklin H. Williams Insurance Trust ("Williams") sued defendant Travelers Insurance Co. ("Travelers") in the Supreme Court of the State of New York, New York County, seeking compensatory and punitive damages for violations of New York Insurance Law § 3214, breach of contract, and conversion. The crux of Williams' complaint is that Travelers paid interest on life insurance proceeds only from the date...

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