Legal Opinion
California v. Altus Finance S.A.
Court of Appeals for the Ninth Circuit
Decided August 25, 2008No. 06-55297, 06-55379, 06-55391PublishedCited by 16 opinions
1Opinion of the Court
BYBEE, Circuit Judge:
This litigation arises from the 1991 insolvency and subsequent rehabilitation of the Executive Life Insurance Company (ELIC), following the largest insurance failure in California history. Pursuant to a judicially supervised rehabilitation plan, Insurance Commissioner John Garamendi 1 (the Commissioner) oversaw competitive bidding for the assets of the ELIC Estate, which included a large junk bond portfolio. Altus S.A., a subsidiary of Credit Lyonnais S.A., which is controlled by the French government, and the MAAF Group, a consortium of French and Swiss insurers,…
2Cases cited34 opinions
- Allen v. United StatesSupreme Court of the United States · 1896
- State Farm Mutual Automobile Insurance v. CampbellSupreme Court of the United States · 2003
- Cooper Industries, Inc. v. Leatherman Tool Group, Inc.Supreme Court of the United States · 2001
- Gallick v. Baltimore & Ohio RailroadSupreme Court of the United States · 1963
- Honda Motor Co. v. ObergSupreme Court of the United States · 1994
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3Cited by16 opinions
- John Garamendi v. Jean-Francois HenninCourt of Appeals for the Ninth Circuit · 2012
- Jose Flores v. City of WestminsterCourt of Appeals for the Ninth Circuit · 2017
- Rogers v. City of KennewickCourt of Appeals for the Ninth Circuit · 2008
- Aurora S.A. v. PoiznerCalifornia Court of Appeal · 2011
- Walker v. Motricity Inc.District Court, N.D. California · 2009
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