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,...

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Attached Documents



Case Information

Case Title

Subscribers Only

Case Number

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Illinois Northern

Nature of Suit

110(Contract: Insurance)


Subscribers Only

Date Filed

February 26, 2014

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