Legal Opinion
Life Product Clearing LLC v. Angel Ex Rel. Estate of Lobel
District Court, S.D. New York
Decided January 22, 2008No. 07 Civ. 475(DC)PublishedCited by 16 opinions
1Opinion of the Court
OPINION
CHIN, District Judge.
On November 15, 2005, Leon Lobel — a retired butcher who was then seventy-seven years old — established the Leon Lobel Insurance Trust (the “Trust”), naming himself as the “Initial Beneficiary.” The same day, he applied for a $10 million life insurance policy (the “Policy”), designating the Trust as the sole beneficiary. The premium for the Policy for the first year alone was $572,000, an amount Lobel could not afford. The Policy was issued on December 14, 2005. Six days later, Lobel sold his interest in the Trust — and thus the right to any insurance proceeds upon…
2Cases cited17 opinions
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Erickson v. PardusSupreme Court of the United States · 2007
- Conley v. GibsonSupreme Court of the United States · 1957
- Patane v. ClarkCourt of Appeals for the Second Circuit · 2007
- Beate Bernheim v. Jeffrey LittCourt of Appeals for the Second Circuit · 1996
12 more not listed; retrieve them via the Exa API.
3Cited by16 opinions
- Kramer v. LOCKWOOD PENSION SERVICES, INC.District Court, S.D. New York · 2009
- LINCOLN NATIONAL LIFE INSURANCE COMPANY v. SnyderDistrict Court, D. Delaware · 2010
- Martin v. County of NassauDistrict Court, E.D. New York · 2010
- Lincoln National Life Insurance v. CalhounDistrict Court, D. New Jersey · 2009
- Sun Life Assur. Co. of Canada v. BerckDistrict Court, D. Delaware · 2010
11 more not listed; retrieve them via the Exa API.