Trust Didn't Pay Premiums Under $350M Pact, Suit Says

Law360, New York (November 1, 2011, 4:24 PM EDT) -- A religious organization sued a West Indies-based trust in New York federal court Friday, claiming the trust has failed to pay premiums on death benefits totaling more than $350 million under a life insurance policy purchase agreement.

Kolel Beth Yechiel Mechil of Tartikov Inc. is asking U.S. District Judge Victor Marrero to force YLL Irrevocable Trust to fork over the amount it owes under the agreement. The organization also wants the judge to order co-defendant Wilmington Savings Fund Society FSB, which is holding the insurance policies...
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Case Title

Kolel Beth Yechiel Mechil of Tartikov, Inc. v. Yll Irrevocable Trust et al


Case Number

1:11-cv-07707

Court

New York Southern

Nature of Suit

Contract Product Liability

Judge

Victor Marrero

Date Filed

October 28, 2011

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