Legal Opinion
Drexel Burnham Lambert Group, Inc. v. Vigilant Insurance
New York Supreme Court
Decided January 22, 1993PublishedCited by 12 opinions
1Opinion of the Court
OPINION OF THE COURT
Edward J. Greenfield, J.
The smoke has not yet cleared from the debacle of shattered hopes, lives and dreams caused by the notorious activities of Michael Milken and Dennis Levine, among others, which rocked the financial world at the end of the 1980’s.
Milken and Levine have served time for their convictions of felonies and have been fined substantial sums. Their company, the investment brokerage house of Drexel Burnham Lambert, itself ultimately pleaded guilty to mail and securities fraud for its part in the crimes on September 1, 1989 and agreed to pay $650 million in…
2Cases cited33 opinions
- United States v. MurdockSupreme Court of the United States · 1934
- Riggs v. . PalmerNew York Court of Appeals · 1889
- D'Arata v. New York Central Mutual Fire InsuranceNew York Court of Appeals · 1990
- Gilberg v. BarbieriNew York Court of Appeals · 1981
- James v. Alderton Dock Yards, Ltd.New York Court of Appeals · 1931
28 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- Aetna Casualty & Surety Co. v. Kidder, Peabody & Co.Appellate Division of the Supreme Court of the State of New York · 1998
- State Ex Rel. Leach v. SchlaegelWest Virginia Supreme Court · 1994
- State Farm Fire & Casualty Co. v. SallakCourt of Appeals of Oregon · 1996
- BDO Seidman, LLP v. HarrisAppellate Court of Illinois · 2008
- Silverman Neu, LLP v. Admiral InsuranceDistrict Court, E.D. New York · 2013
7 more not listed; retrieve them via the Exa API.