Bennett Funding Litigation

We successfully served as co-lead counsel and special insurance counsel to plaintiff's lead counsel in class actions prosecuted in both the United States District Court for the Southern District of New York and the United States Bankruptcy Court for the Northern District of New York.  We prosecuted claims arising from a ponzi scheme, which involved complicated issues of identifying the beneficiary of insurance policies, the intersection of bankruptcy and securities laws, and allocation between class members and creditors of the bankruptcy estate.  We obtained a settlemend against Assicurazioni Generali, S.p.A. Company for $125 million (258 B.R. 78 (Bankr. N.D.N.Y. 2000)), and against Sphere Drake Insurance PLC for $27.5 million, as reported at 439 F.3d 155 (2d Cir. 2006). 
For more information, please contact Larry Eagel.