Midland States Life Insurance v. Cardillo
Massachusetts Appeals Court
1Opinion of the CourtBeck, J.
In 1997, two unrelated previous winners of the Massachusetts Lottery Commission’s “Megabucks” game obtained lump sum payments from two Colorado corporations. In exchange, the winners pledged to the corporations a certain portion of their future annual prize money distributions. The plaintiff, Midland States Life Insurance Co. (Midland), is the present holder of the “promissory note[s]” reflecting these transactions. Both of the winners defaulted on the terms of the lump sum agreements not long after receiving the money. When the Lottery Commission (Lottery) refused Midland’s request to…
2Cases cited12 opinions
- Nader v. CitronMassachusetts Supreme Judicial Court · 1977
- Woodbridge v. Worcester State HospitalMassachusetts Supreme Judicial Court · 1981
- Nash v. CommonwealthMassachusetts Supreme Judicial Court · 1899
- Boston Police Superior Officers Federation v. City of BostonMassachusetts Supreme Judicial Court · 1993
- Massachusetts Electric Co. v. Athol One, Inc.Massachusetts Supreme Judicial Court · 1984
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