Vestor Capital Beats Insurer Over $5M Policy For Late Exec

Law360, New York (July 18, 2016, 9:25 PM EDT) -- Vestor Capital Management is entitled to receive a $5 million payout from the life insurance policy of its now-deceased president, an Illinois federal judge concluded Monday, after finding that the investment firm’s request to reduce the policy to $2 million hadn’t gone into effect before its president died.

Vestor Capital Partners LLC, the predecessor of VCM, and its president Brian Baker were in the process of reducing his life insurance policy from $5 million to $2 million, and the paperwork was awaiting a final stamp of approval by Vestor’s insurer, ReliaStar Life Insurance Co., when Baker died suddenly on Dec. 16,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Attached Documents

Related

Sections

Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

Illinois Northern

Nature of Suit

110(Contract: Insurance)

Judge

Subscribers Only

Date Filed

February 26, 2014

Law Firms

Companies