Central Standard Life Insurance v. Gardner

Plaintiff, as successor trustee of a trust created through a reinsurance contract, sought court approval of the administration of the trust by itself and its predecessor trustee. At the conclusion of the litigation, fees were awarded to attorneys who performed services for two different classes of policyholder defendants. Plaintiff has appealed from those orders.

In 1929 a reinsurance agreement was entered into between Illinois Bankers Life Assurance Company (a legal reserve stock company) and Illinois Bankers Life Assurance Association (a mutual assessment association) pursuant to which the…