Presidential Life Ins. Co. v. Milken

• Decision Date: 26 August 1996
• Docket Number: D,No. 1371,RJ-LG,ML-SL,1371
• Citation: 94 F.3d 65
• Parties: PRESIDENTIAL LIFE INSURANCE COMPANY, Plaintiff-Appellee, TLC Beatrice International Holdings, Inc., Movant-Appellant, v. Michael R. MILKEN; Roy Abbott; Paul Abecassis; Jack Ackerman; Peter Ackerman; Joseph P. Adams; Steven Andreder; Joel Asen; Andrew Astrachan; Mark Attanasio; Eileen Austen; Herbert Bachelor; Stanley Bailowitz; Jeffrey Balash; Donald Balser; Dan Bathon; Jeffrey P. Beck; Joseph Bencivenga; Richard A. Bergman; David W. Bergmann; Martin L. Berman; Robert D. Beyer; Paul Biddelman; Arthur H. Bilger; Leon Black; Jay Bloom; Frederick Borden; Thomas Boudakian; Gerald Brodsky; William Bron; Bruce Brown; Michael D. Brown; E. Alan Brumberger; Gerard M. Bucci; Jon E. Budish; Dort A. Cameron, III; Thomas Cauchois; John Cavalier; Jeffrey Chanin; Mark Chasin; Franklin Chu; John Chulick; Thomas P. Clerkin; Craig M. Cogut; Thomas Connors; Richard Crowell; Lorraine D'Ambrosio; James Dahl; Charles Dargan; Robert Davidow; Marshall Davidson; Logan D. Delany, Jr.; Carl Deremer; Dennis Dolan; Scott Douglas; Richard Dunler; David DuPont; Maurits Edersheim; William Eng; Donald Engel; Chris Evensen; Robert Fallon; Geoffrey L. Faux; David Feinman; Michael Fields; Ralph Finerman; Alan J. Fishbein; Steven Fisher; Patrick Flanagan; Allen Flans; Richard S. Frary; Joshua Friedman; William Frymer; Dennis K. Galgano; Peter R. Gardiner; Bruce Garver; Richard L. Gelfond; Michael E. Gellert; Joel L. Gold; Mark Goodman; Robert Goodwin; Nancy Cates Gordon; Kevin J. Gorman; Patrick L. Graham; Jeffrey Green; Richard Handler; John J. Hannan; Joseph Harch; Reed L. Harman; Scott Harrison; David Hedley; Andrew Heyer; J. Ericson Heyke III; Paul Higbee; Richard H. Hochman; Harry Horowitz; John Humphreville; Susan Humphreville; Jay Jablonow; Jon Jetmore; Paul Jetter; Roy J. Johnson; Lisa Jones; Roger Jospe; Mitchell R. Julis; Edwin Kantor; Steven J. Kantor; David Kay; Dean Kehler; Donald Kendall; David Kiarsis; John Kissick; Barry F. Klein; Robert Kline; Lynne Knox; Gerald Koenig; Gerald Koerner
• Court: U.S. Court of Appeals — Second Circuit

Page 65

94 F.3d 65

PRESIDENTIAL LIFE INSURANCE COMPANY, Plaintiff-Appellee TLC Beatrice International Holdings, Inc., Movant-Appellant, v. Michael R. MILKEN; Roy Abbott; Paul Abecassis; Jack Ackerman; Peter Ackerman; Joseph P. Adams; Steven Andreder; Joel Asen; Andrew Astrachan; Mark Attanasio Eileen Austen; Herbert Bachelor; Stanley Bailowitz Jeffrey Balash; Donald Balser; Dan Bathon; Jeffrey P Beck; Joseph Bencivenga; Richard A. Bergman; David W Bergmann; Martin L. Berman; Robert D. Beyer; Paul Biddelman; Arthur H. Bilger; Leon Black; Jay Bloom Frederick Borden; Thomas Boudakian; Gerald Brodsky; William Bron; Bruce Brown; Michael D. Brown; E. Alan Brumberger; Gerard M. Bucci; Jon E. Budish; Dort A. Cameron, III; Thomas Cauchois; John Cavalier; Jeffrey Chanin; Mark Chasin; Franklin Chu; John Chulick; Thomas P. Clerkin; Craig M. Cogut; Thomas Connors; Richard Crowell; Lorraine D'Ambrosio; James Dahl; Charles Dargan; Robert Davidow; Marshall Davidson; Logan D. Delany, Jr.; Carl Deremer; Dennis Dolan; Scott Douglas; Richard Dunler; David DuPont; Maurits Edersheim; William Eng; Donald Engel; Chris Evensen; Robert Fallon; Geoffrey L. Faux; David Feinman; Michael Fields; Ralph Finerman; Alan J. Fishbein; Steven Fisher; Patrick Flanagan; Allen Flans; Richard S. Frary; Joshua Friedman; William Frymer; Dennis K. Galgano; Peter R. Gardiner; Bruce Garver; Richard L. Gelfond; Michael E. Gellert; Joel L. Gold; Mark Goodman; Robert Goodwin; Nancy Cates Gordon; Kevin J. Gorman; Patrick L. Graham; Jeffrey Green; Richard Handler; John J. Hannan; Joseph Harch; Reed L. Harman; Scott Harrison; David Hedley; Andrew Heyer; J. Ericson Heyke III; Paul Higbee; Richard H. Hochman; Harry Horowitz; John Humphreville; Susan Humphreville; Jay Jablonow; Jon Jetmore; Paul Jetter; Roy J. Johnson; Lisa Jones; Roger Jospe; Mitchell R. Julis; Edwin Kantor; Steven J. Kantor; David Kay; Dean Kehler; Donald Kendall; David Kiarsis; John Kissick; Barry F. Klein; Robert Kline; Lynne Knox; Gerald Koenig; Gerald Koerner; Robert I. Kohl; John Krasznekewicz; John A. Ladyzinski; Graciela Lagumen; Anthony Lamport; Jeffrey Lane; Jack Langer; Douglas Lehrman; Paul Levy; Trevor Lewis; Robert Lloyd; Bridgette S. Loden; Kevin J. Madigan; Joel Mael; J.O. Maggard; Mary Lou Malanoski; Alison J. Mass; Cary J. Maultasch; Frederick McCarthy; Douglas McClure; John McMahon; Leonard Meads; Lori Milken; Lowell Milken; Michael Milken; Sandra Milken; David Mills; Kenneth Moelis; James Moglia; Pamela Monzert; John Moriarty; Frederick Moseley; Philip W. Moss; Donald Mullen; Allen Nadler; Jeffrey L. Neuman; Richard Nevins; Bruce Newberg; Thomas Noonan; Terren S. Peizer; Arthur Phillips; Lawrence A. Post; James D. Price; Harold Purkey; Bruce Raben; Joseph J. Radecki; Michael Ranger; Marc Rapaport; Paul Rapisarda; Jess M. Ravich; James L. Rawlings; Langhorne Reid, III; Thomas E. Reinhart; Anthony Ressler; Barry W. Ridings; Randy Rock; Richard Rosee; Naomi Rosenfeld; Alan E. Rosenthal; Stephen Roth; Peter Rothschild; Richard V. Sandler; Patrick Savin; Sylvan Schefler; James Schiffner; Nicholas Schlumberger; James A. Schneider; Kevin W. Schultz; Janice L. Shapiro; Allyson Shields; Ruben Shohet; Jonathan D. Sokoloff; John Sorte; Lorraine Spurge; Linda Stedman; Stanley Stein; Lee Stern; James G. Sullivan; David Sydorick; Cathryn Taylor; John Taylor; Marla Thomas; Charles A. Thurnher; William R. Tobey, Jr.; Warren Trepp; Stanley Trotman; Olivier Trouveroy; Marc A. Utay; Patsy Van Utt; George Varughese; Edward G. Victor; James E. Virtue; Leon Wagner; Sven Wehrwein; Jeffrey R. Weinhuff; Stephen D. Weinroth; John Wexler; Henry M. Wilf; Alexa D. Willson; Gary Winnick; Stephen Winningham; Eugene Wong; David Ying; Ronald N. Yurcak; AFP Investments; AHP Holdings, Inc.; AHP Investments; Alamo Associates; Alamo Investments L.P.; All-Fed Investment Associates; Alta Associates; Anchor Capital Holdings; ARA Partnership; Arete Partners; Argonaut Ventures Group; Armacor Incorporated; Arrowlake Investors; Arroyo Pacific Investments, L.P.; Associated Capital; Associated Investors; Atlantic Financial Investors; Atlantic Management Group; Baltmar Investors, L.P.; Bandelier Associates; Barid Corporation; Barlem Associates; Barrows Associates; Bass Investment L.P.; Bayberry Financial Group, Inc.; BCP Capital Partners, a California Limited Partnership; BCP Capital Partners L.P.; BCP Capital Partners II, L.P.; Beaumont Holdings; Beauty Care Partners; Berry Associates; Belvedere Securities; Bergman, Knox & Green; Bering Associates; Bicoast Investment Associates; Biscayne Capital L.P.; BMA Limited Partnership; Brittany Holdings; Buel's Gore Associates; Cabat Associates Ltd.; CACF Partners Ltd.; Calco United Investors; Cambrent Associates; Cambrent Financial Group, Inc.; Cambridge Associates; Camden Investments; Camont Associates; Camont Investments, Inc.; Camro Associates; Camro II Associates; Canterbury Group; Capital Coast Partners; Capital First Investors; Capital Fund Foundation; Capital Investments; Captran Venture Associates; Cardiff Associates; Carlton Investments; Carlyle Associates; Carlyle II Associates; Carthaway Investments; Cavalier Associates; Centennial Financial; Century Institutional Advisors; CFD Partners '81; Champlain Associates; Chanticleer Investors, Ltd.; Cheatham Capital; Chesapeake Partners; Chessment Investment Associates, a California Limited Partnership; Chessment Investors, L.P.; Chesterfield Investments; Chesterfield Ventures Fund Co.; Chieftan Investments Capital Corp.; Childress Group, Inc.; Childress High Yield Fund; Chittenden Associates; Clayton & Dublier Private Equity Fund Ltd.; Clayton & Dublier Private Equity Fund II Ltd.; Clayton & Dublier Private Equity Fund III Ltd.; CLC Financial Partners, L.P.; CLC Investors, L.P.; Cleburne Enterprises; Coast Holdings; Coastal Capital Partners; Color Tile Investments; Commercial Management Co., L.P.; Commonwealth Equities; Commonwealth United; Concordia Investment Associates; Conport Associates, a California Limited Partnership; Contera Partners; Continental Associates L.T.D.; CR Associates; Crescent Capital Associates; Cristal Partners; Dalton Associates; Dayton Investments; DBL Employee Profit Sharing Plan Vol. Cont. A/C #1; DBL Transcap Partners; Delphin Investment Associates; Demeter Capital Corp.; Dencal Partners; Denslow Financial Associates; Dickinson Associates; Downingville Associates; DR Capital Partners; Drexel Reliance Capital Group Partnership, DRJ Associates; Dunmore Partners; Dunmore Partners Ltd.; Dunstable Investments; Durant Financial Associates; EBOC Associates; EJ Associates; Elmwood Investments; Elstead Partners; Embassy Capital Group Inc.; Ensign National Association; Essex Financial; Execor, Incorporated; Fairfield Investment Group, Ltd.; Fairwood Investments, Inc.; Fairwood Partners; Field Ranch, Inc.; Fillmore Financial; Financial Associates; Financial Investments; Financial Partners; Financial Partners II; Finfund Management L.P.; Fircon Partners; Firebird Investments; First Alliance Financial; First Alliance Investments; First Brittany Holdings Inc.; First Coastal Associates; First Financial Partners; First General Financial; First Guardian Enterprises Inc.; First Management Co; First Stratford Inc; First Stratford Life Insurance Co; First Union Investments; Foreman Associates; Framingham Investments; Framingham Partners; Fulton Partners; F.O.L. Holdings; Galway Investments Associates L.P.; GC Partners; General Financial; Glenbay, Inc.; Glencoe Investors, L.P., f/k/a First Guardian of Texas, L.P.; Gloucester Asset Management; Gotham Capital; GPI Associates; Greystone Partners; Guardian Equity, a California Limited Partnership; Guardian Global Associates; Guardian Global Incorporated; Guildford Capital; Hammond Associates; Hanover Investment Associates, L.P.; Hastings Associates; Hatton Hall Associates; Haywood Investments; Hemisphere Capital; Heritage Capital; Heritage Hall Investments; Hillside Capital; Holland Partners; Hopkins Associated; Hudson River Associates; Hybon Corporation; IDS Investment Associates; Incon Associates; Interconsolidated Investors; International Consolidated Associates, L.P.; Investment National; JEJ Partnership; Jellicle Associates; JMP Associates; JMP Investors; JP Associates; Kidpix Associates; Kingsley Partners, a California Limited Partnership; Kraft Associates; L Holdings Investment; L & S Trust; Lafayette Associates; Lahus V Syndicate, Inc.; Lambda Capital Corp., L.P.; Lambda CFD '87 L.P.; Lambda I Capital Partners; Lambda II; Lambda II Capital Partners; Lambda II Private Investment Account; Lambda III; Lambda III, L.P.; Lambda III Capital Partners; Lambda III Fund; Lambda III Private Placement; Lambda Private Placement; Lambda Private Placement Account; Lambda Partners, Ltd.; Lambda Private Investment Account; Lennox Investors; LMAR Partners; Lobon Associates; Lombardi Equities; Lorsand Partnership; L & S Milken Foundation; M and L Milken Foundation; Macpherson Investment Partners; Macpherson Management Associates; Macson Investments, Inc; Magtek Partners, L.P.; Malaga Capital, L.P.; Manchester Investments, L.P.; Marglen Associates; Marglen Inc.; Marley Holdings, L.P.; McCook Financial Enterprises; Meridian American, Inc. (CAL Meridian (in CA)); Merrick Associates; Merrimac Fixed Assets; Metro Associates; MIAD Partners; Milken Family Foundation; Milow Corporation; ML Associates; ML Portland Associates, Ltd; ML-SL Incorporated; Model Investment Associates; Monitor Equity, L.P., a California Limited Partnership; Monmouth Partners; Monogram Financial Investments, a California Limited Partnership; Montaigne Enterprises; Montgomery Partners; Monument Capital L.P.; Moredon Partners, Ltd; Motel Investments L.P.; MVS, Ltd; M & L 1981 Trust; Neilson Partners; New CWT PARTNERS; New Levitz Associates, a California Limited Partnership; 9560 Associates, Ltd; Ocelot Associates; OP Capital Partners, L.P.; Optimus Financial Associates; Otter Creek Associates; Owens...