Lake States Insurance v. Consumer Insurance Services of America

Plaintiff, Lake States Insurance Company (“Lake States”) obtained an out-of-state consent judgment against defendant, Consumer Insurance Services of America, Inc. (“CISA”) in the amount of $172,500. Plaintiff now seeks to reach and apply funds being held by defendants Daniel C. Cohn and David B. Madoff as Trustees (“Trustees”) of the Creditor’s Trust Agreement which was entered into by the Trustees and defendant CISA. On March 7, 2001, this court held a hearing on defendant Trustees’ motion to dismiss plaintiffs Complaint. For the reasons set forth below, defendant Trustees’ motion to dismiss…