Corcoran v. American Plan Corp.

MAHONEY, Circuit Judge:

The Superintendent of Insurance of the State of New York (the “Superintendent”) brought this civil action as liquidator of two insurance companies, American Fidelity Fire Insurance Company (“AFFI”) and American Consumer Insurance Company (“ACI”).1 The Superintendent’s complaint alleged that a former parent company of AFFI and ACI, American Plan Corporation (“APC”), and certain officers, directors and shareholders of APC, AFFI and ACI stole millions of dollars from AFFI and ACI and concealed the thefts, thereby violating the Racketeer Influenced and Corrupt Organizations…