American General Life Insurance Company v. Mehta et al

Filing 16

ORDER GRANTING MOTION TO DEPOSIT INTERPLEADER FUNDS granting 8 Motion for Interpleader Deposit (28 U.S.C. Section 1335). The Court hereby ORDERS as follows: 1. US Life is authorized to deposit the sum of $750,000.00 plus accrued i nterest, if any, with the Clerk of the United States District Court, Southern District of New York. 2. The Clerk of the Court shall deposit the sum of $750,000.00 plus accrued interest, if any, into the Disputed Ownership Fund in an interest b earing account until such time as the Court makes its further order directing disbursement of these funds. 3. The Clerk is directed to deduct from the income on the investment of the sum a fee consistent with that authorized by the Judicial Confere nce of the United States and set by the Director of the Administrative Office. DONE AND ORDERED in New York, New York, on June 3, 2024. (Signed by Judge P. Kevin Castel on 6/3/2024) (vfr) Transmission to Finance Unit (Cashiers) for processing.

UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
------------------------------------------------------x
AMERICAN GENERAL LIFE
INSURANCE COMPANY,
Interpleader Plaintiff,
v.

Civil Action No. 1:24-cv-01952

RITIKA MEHTA,

Judge P. Kevin Castel
Magistrate Judge Jennifer Willis

LISA TERHUNE,

XXXXXXXX
[PROPOSED] ORDER GRANTING
MOTION TO DEPOSIT
INTERPLEADER FUNDS

RYAN TERHUNE, and
MIKAELA TERHUNE,
Interpleader Defendants.
------------------------------------------------------x

This is an action to determine the proper beneficiary of the death benefit payable under
American General Life Insurance Company life insurance policy numbers YM00398453 and
A70015352L issued to the late Jeffrey Terhune. Interpleader Plaintiff American General Life
Insurance Company (“American General”) filed an Interpleader Complaint against the Competing
Claimants.
American General has filed a Motion to Deposit Funds with the Clerk of the United States
District Court for the Southern District of New York. The sum to be deposited with this Court is
$750,000.00 plus accrued interest, if any. This sum represents the death benefits payable under
American General life insurance policy numbers YM00398453 and A70015352L issued to the late
Jeffrey Terhune.
WHEREFORE, good cause appearing, the Court hereby ORDERS as follows:

1

1.

US Life is authorized to deposit the sum of $750,000.00 plus accrued interest, if
any, with the Clerk of the United States District Court, Southern District of New
York.

2.

The Clerk of the Court shall deposit the sum of $750,000.00 plus accrued interest,
if any, into the Disputed Ownership Fund in an interest bearing account until such
time as the Court makes its further order directing disbursement of these funds.

3.

The Clerk is directed to deduct from the income on the investment of the sum a fee
consistent with that authorized by the Judicial Conference of the United States and
set by the Director of the Administrative Office.

June 3
New York
DONE AND ORDERED in _______________,
New York on _____________________,
2024.

2