Clarendon America Insurance Company has obtained a default judgment against one of four defendants accused of causing the insurer damages of at least $40 million due to fraud.Judgment was entered against Lyndal Ray Stocks, a.k.a. Ray Stocks, of Houston, Texas, on February 7, 2003 at New York State Supreme Court. The court has yet to order a penalty.The case against co-defendants Eton Management Corp., registered in Delaware but based in New York; Martin Hoffman, of Bal Harbor, Florida; and his son, Wade Hoffman, of New York, is ongoing.
Clarendon America obtains judgment against Ray Stocks in $40 m fraud action
22 years ago
Topics
Fraud Insurance USAKeywords
Britannia International Life & Casualty Ltd. Clarendon America Insurance Company Clarendon Insurance Group Eton Management Corp. Lyndal Ray Stocks