I think you should man up and admit you have a personal issue with the Rothman’s. You have no proof of anything you are stating and since you have been present at court every time…You know that Liberty case is false.
Man up and just admit you are trying to do more damage.
The truth will come out and I truly hope you will be a man and comment once the Insurance Journal post the outcome.
D it is obvious that you have some sort of hidden agenda against the Rothmans, in fact it seems a little personal and frankly a bit sad and this is not the forum to take out personal grudges….. I am a current client of CM Meiers/ Liberty and have been for a decade. My companies and personal insurance has always been handled with professionalism. I am happy to finally know why they have gone so I can return my business to them as I am shocked and outraged at how Liberty has handled the transfer of accounts. According to the IJ Liberty is picking and choosing who they want to pay out. 111000 in insurance payments was paid to CM Meiers from Doc Johnson after the Rothmans left the Company and not paid out to the carrier. This is the responsibility of Liberty as the buyer to pay out accounts. As a result Doc Johnson has no insurance because Doc Johnson brokered some accounts to Affinity… and because they feel they don’t have to I am SCARED!!!!!! BEWARE!!! PAY YOUR PREMIUMS DIECTLY TO THE CARRIERS!!!!
I find it interesting and hard to understand why Big Dog is attacking two individuals on a personal level.
Did he work for them for 10 years? Did he make money to support family for ten years? Did he take his business when he was unhappy and can continue to support his family? Is this over $5,000? Does he have any work ethic or does he just sit in court all day? Does he break bread with individuals one day and stab them in the back on the next?
There is one big answer for all these questions…JEALOUSY!!!!People do not like to see others being more successful than themselves.
Certain special individuals seek careers in the public eye. They pledge to uphold the United States Constitution and the Bill of Rights. This person seems not to believe innocent until proven guilty.
Maybe this person should stick with what they are good at….staying home and not working.
What is your problem, you obviously have one- with the Rothmans. They were good to you, and kept you on while others wanted you gone for lack of performance.
Why are you involved with matters that don’t concern you, why don’t you get to work and sell some insurance, I know a novel idea right? What exactly do you do for a living anyway?
If anyone is interested in how hhte Rothmans do business, one need only look at the original case of Gensar Saleigh v Rothman and the six fugure judgement he obtained in that case that sparked the Bankruptcy filing and now this mess. And that case isn’t over, the punitive damage phase will be going forward soon and the Rothmans may end up owing more- amounts not discharggable in Bankruptcy- then all your issues will be answered about the Rothmans.
What case are you referring to, there is no case of gensar saleigh vs Rothman ever filed or online? There is a case vs c.m. Meiers but not against any Rothman.
The reason CMM filed BK is this judgement. They lost in court and thought they were above paying this lawsuit and tried to get out of it by filing BK and selling the business to their brother/son in law JA. Look were it got them.
I have been following this as it has rocked the insurance community. Business go bankrupt everyday and Insurance Producers leave companies everyday taking or maintaining their business. It seems to me that the Rothmans are a part of some sort of witchhunt and quite frankly I feel sorry for them. The President of Liberty sent out some letter to the Carries with a lot of untruthful information. has this letter been made part of the public record yet as I would like to see it. I hope the Rothmans have a great lawyer to counter suit with. Liberty on the other hand should be ashamed of themselves as they are not paying premiums due to Carriers because they are upset the client brokered over some accounts to affinity. In 180 days they will have to pay it anyway’s and this seems to me that they are playing a big game with them at the expense of their own customers.
So, if I’m doing business with the same agent/broker for 10, 15 or 20 years and he calls to tell me he’s leaving the company and to wish me well, do I stay with the company or follow my agent?
99.99% of the time I follow my agent. Now, is the phone call he made a solicitation, or an indication that he stole me from the new company? Should I be forced to stay put, so I don’t get him (who may now be a friend, or trusted advisor, after all these years) into trouble?
Seems to me they’re talking to the wrong people.
btw – I have no dealings with any of these folks…just asking.
As far as I know you can go wherever you want. You don’t need to worry about your friend and if you want to maintain insurance with him/her then you should. This injunction against the Rothmans is pretty ridiculous. There is a law in California that’s Non-compete agreements are automatically void as a matter of law in California, except for a small set of specific situations expressly authorized by statute.[10] They were outlawed by the original California Civil Code in 1872.[11] Any person in California has the right to make a living. My suggestion to you is e-mail him your name and address and tell him to mail you a tombstone letter. After you receive your tombstone letter, change your insurance. I hope this helps.
I was a client of CMM insurance. Someone from CMM called me about my company’s insurance. They told me that H. Rothman had left the company, and then they made serious allegations against Herb. I’ve done business with Herb for over 20 years, and knowing him, I did not believe the allegations could be true. So I called Herb on his cell phone, and had my business transfered to him.
According to the people at Liberty, I don’t have the right to make this choice. I believe they are wrong. I have the right to choose whom I am going to do business with – and it certainly isn’t with the malicious people at Liberty!
#1 Client — it is not that it is illegal for you to follow your agent — but your agent can’t “sell” his/her book of business to someone else and then retrieve it to write it again. If you followed your agent to another agency, then the producers owes money back to the organization that bought the business.
Do you realize that it’s against the insurance code for an agent to use their insured’s premium payments for anything else than paying the premiums? That’s why C.M. Meiers went BK. That’s why I believe that the principal’s licenses should be revolked.
How about using the premium payment in part to pay your commission?
Has C. M. Meiers, under Mr. Rothman, ever missed a payment to a company? Have they ever not paid their producers? Since you’re such a Big Dog, why aren’t you finding out that information before you slander Mr. R.? Or are you just too busy smoking your funny stuff and ridding your own bull?
Liberty thinks they can own clients, are they serious?
The client has the right to choose their agent,the person they have a relationship with. I don’t know the persons involved
but common sense tells you Liberty is out of line here.
BIB — if Liberty paid for the book of business they own it. If the seller turns around and rewrites the business, then fine, but then Rothman’s owe the buyer the money that was paid for the book.
What lies? Sorry to see you call someone a liar when you really don’t seem to know the facts. So what am I lying about?
May 3, 2012 at 7:16 pm
ex-employee says:
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i am appalled to learn that the rothman’s were making mortgage payments to their newport beach weekend home with company funds, while all the while telling their devoted employees that there were no funds for raises or xmas bonuses. what happened to “herb doesn’t take a dime out of the company…”?
what else must they have been paying for with company funds one wonders?
That is not true. Held, after a meeting with the Rothmans, took that out of his complaint! See how news isn’t reported properly. The monies used for the Newport house (which I visited) did not come out of CMM.
It appears that you might know everything. Since I was an employee and recieved both a raise and bonus I would be shocked that you are speaking for the entire company or just yourself. Maybe it just showed how you were not worth a raise or bonus. Yet you stayed and could have had any opportunity you wanted somewhere else. I think that would make you a little two faced.
You and your Fellow employee family members took home over 1/2 million a year from CMM for many many years- you have absoultely no complaints. Your family with your outrageous salaries contributed to the downfall with your greed.
So…let me get this straight. Even though multiple sources have reported that C.M. Meiers was out of trust, and that is the reason they filed bankruptcy and the assets and liabilities of the agency were auctioned off to the highest bidder, you’re claiming the weren’t out of trust? Am I missing something here?
Since you’re their “#1 Client”, you must be in the “adult entertainment industry”. Am I right? Herb was so proud to be the insurance broker for the local porn…I mean adult entertainment industry.
May 4, 2012 at 11:53 am
Beam me up says:
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Wow this shows how much of prude and uneducated some people can be
May 7, 2012 at 4:13 pm
#1 Client says:
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No, I’m not part of that industry. However it’s people like you who support that industry, and make the people in the industry quite well off. If there was no demand there would be no supply! If the people that were insured were running an illegal business they couldn’t get insurance.
May 7, 2012 at 4:14 pm
#1 Client says:
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If you want to know why they went bk, look at some of the people sitting next to you in court.
May 4, 2012 at 12:24 pm
Cherry says:
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Then why hasn’t the DOI done an investigation? Unless you have done an audit of the trust account yourself, I suggest you stop spreading this rumor until you have actual proof.
At Little Dog AKA Little MAN….that has YET to be proven…you are just a busy body who has nothing better to do but to bite the hand that fed you and your family for 10 years. I am disgusted at how quickly you forget that you were an employee. Are you sure your not just trying to keep this going since you gave your friend TL bad advise to purchase CMM a day before the auction.
Really? What world are you living in? Do you honestly think people don’t know who you are? If you were a carrier….then you wouldn’t be so upset and so involved. You are a joke. Not only are you a liar but now you really think you can speak for ALL carriers? HA HA HA HA HA….OK. Do me a favor and stop trying to walk with the big dog’s because obviously you still pee like a puppy!
It will be interesting when the estate of c.m. Meiers goes after other people and monies it can recapture, including checks cashed after bankruptcy filing and business stolen directly prior to bankruptcy by producers with no ownership clauses in their contracts.
BIB I second Gail Miley’s comment as ANOTHER ex employee I do not feel bad for the Rothman’s at all. They knew what they were doing the entire time dipping into the trust and they are nothing but liars. What goes around comes around, and no matter what the courts decide their reputation is ruined and anyone who is smart won’t do business with them again.
And “Beam me up” business wasn’t stolen prior to the bankruptcy. Business left faster than you can imagine becuase again anyone with a brain doesn’t want their name associated with a company that went under.
Wow, you know a lot. So you also know that only 2 producers left prior to bankruptcy? Those two producers were with the company for over 10 years. Those two producers did not own their business according to their contracts?
Or maybe I am just surmising since this is just things I heard.
Take it from someone who has experienced this from the inside of CMM. Look at the records and declarations given to the court the former owner was paying his second home mortgage out of operating expenses for years! That’s just the tip of the iceberg.
Jason A. is an “Actor” and editorialized to the point of absurdity. He was in this from the start for one reason to take advantage of this mess created by Herb Rothman.
Nice “snow job” on the part of Jason (the actor) Adelman. Anyone who doesn’t think Adelman’s group did not use several weeks of occupancy to their benefit is foolish! Look at the documentation and testimony of the impartial Federal Court Trustees. Look at the record of the mortgage payments out of Operating accounts for Herbs second home in Newport Beach, the change in the Life Policy ownership and cash taken out. Physical files WERE stolen, Accounts changed, etc. etc. The records are clear and will prove the level of deceit. Check all the records of the Arbitration Herb lost!
Gossip, gossip, gossip…which is just what you old guys like to do! When the facts come out in court, you’ll be singing another song.
As for Mr. Adelman, he has done more in the insurance industry – on his own with no help from anyone – than you’ve ever done with all the inside help you’ve had! Go share that with your cronies.
I was an employee and will tell you that in the beginning everything was great. Like a family company. Small and yes we had our ups and downs and such as any family would have had. Then they decided to go in to entertainment and that is what I belive to be the start of the downfall of CMM. Overinflated egos with salaries to match, never running in the black and sucking the money and life out of everyone else there. Once that begins, it is a matter of time before everything else starts to fall apart. I got raises and bonuses until the last 3 years where I only got small bonuses. Herb told me we were like family, only problem is that while the world around us (Gas and Groceries) were getting more expensive, our salaries stopped making up the difference for that and it got harder to be able to afford the simple things in life. I could no longer take it and left. Say what you will, but we put our trust and our livelihoods in the Rothmans hands and they let us down. That is just my feelings and 2 cents worth.
I agree with every word that you have said because I was there myself! I did not get any raises or bonuses for 3 straight years during the rough times. You would think that if the Rothman’s got Contingency Checks from the Insurance Companies they would give to their employees, but no!!! No I wonder how they came up with the money to take their employees & friends to Las Vegas in the year 2007. Hmmmm!
I worked there for quite sometime. There were several things that caused the downfall of CMM. Branching out into Entertainment and buying a book of business that left as fast as it came. These two things came with people that had overinflated salaries and egos that matched. Only a few of them were worth what they were paid. The rest of us remained grossly underpaid and undervalued. Entertainment sucked the money and life out of what was once a really great company to work for. That department never ran in the black and I for one think if he had cut it loose, he wouldn’t be in this predicament. Just my 2 cents for what its worth.
I agree with you because I was there and didn’t receive any bonuses or raises for 3 straight years! You would think if the Rothman’s received Contingency Checks from the Insurance Companies that they would share it with their employees, but no!!! Now I wonder where the Rothman’s came up with the $$$ to pay for the Las Vegas Trip in 2007 when they took their employees and friends with them. Hmmm!
I think it’s really sad. ER had this entire company handed to him and instead of growing a pair and taking charge of the office, he sat in his office playing video games all day.
Oh come on. If you are WRK,you haven’t been there. If you aren’t WRK, you don’t know what ER business endevors were. He had one of the larger books of business in the company which he maintained.
Yes, at one time what you alleged was true, but not in the last 3 years. He has grown up a lot.
Why should anyone feel bad for liberty? They did not do their due diligence before purchasing CMM. They had no idea the producers owned their books of business. Their error and now they are trying to blame the rothmans and others. Bad business decision on their part.
Why is everyone mad at Liberty? Well lets see… They refused to honor policies for which they received money…They have not refunded money that has been refunded by the company…They sent out slanderous and libelous letters about Affinity and the Rothmans…They have spread untruths in phone conversations…They have acused people of taking inside information – which was never taken…They insist that the company is out of trust, but they have never done an audit (not even a bad audit)…They are suing the Rothmans and Affinity for 1.7 million (more than they paid for the agency) And as one attorney put it.. there is no evidence that any information was taken, and no evidence that any harm has been done, and there is no evidence that the company is out of trust. However the trust issue is moot because they agreed to make the trust whole if indeed there is an out of trust issue.
I have never worked with cm meiers, but my friends have…. and as a outsider with no bias I can tell you this. It doesnt take a genius to figure this out. Simply read the insurance journal and decide for yourself. Common sense will tell you that something is wrong here. First, CM Meiers is out of trust. There is no reason for that. No one to blame there but the owner Herb. Eric is just a pawn in this following daddy. Second, Gensar did sue and win a lawsuit against CM Meiers, basically Herb. That is a fact, and anyone at that court date will tell you. Third, CM Meiers, aka Herb, filed bankruptcy to get out of paying that settlement. Thus prompting a domino effect on the company, leading to the loss of many jobs to good people. Meanwhile Herb and Eric are making $10,000 a month at Affinity.
And finally the collaspe. According to insurance journal Affinity came in and took over CM Meiers for a short time, which is owned by Jason, a relative of Eric and Herb. A coincidence I think not. Knowing that CM Meiers was going to be sold Herb and son, and Jason, took what they could. They are not stupid. These are smart men. Russell the IT guy stated himself that he was told to move accounts. Seem funny? Charlene, who now works with Affinity, somehow googled and contacted previous clients and is attempting to move them. This is in the journal people, black and white. Herb had emails deleted for several months prior to the move. How easy is it to take a disk or print paper and take it with you? Not hard right. Of course they took valuable information, why not?
I am sure I will get hate replies. But these are my opinions based upon reading the Insurance Journal and nothing more. If you doubt this read the journal for yourself. And I bet those hate replies will come from those who are still receiving money from the Rothmans. But what about poor Liberty, they bought a business which the Rothmans are taking back a account at a time. What about the 100 or so people who had to go job hunting after Herb left them high and dry?
Your account from reading the Insurance Journal is correct, however their account is not correct. Therefor you both are wrong.
You must have inside information to come up with the Rothmans making a certain amount of money at Affinity – so you are lying about being an outsider. Anyhow, your information is wrong.
No, Jason, Eric, and Herb did not take information with them. If you were in court you would have heard the truth about the accounts being moved. Actually they were recoded, but never moved. If you knew Herb’s computer skills you would know that he doesn’t know how or why the e-mails were deleted. Also Herb didn’t send e-mails – he used the old fashioned phone. They did not take in house info, and have only placed business with people who called them first!
Oh by the way, Gensar did not win a lawsuit agains Herb, hew won one against C.M.Meiers. That is a big difference.
Poor Liberty – are you kidding. Come to court on Friday and hear about “poor Libert”. Might make you change your mind….
P.S. Surprise – this certainly isn’t a hate reply.
Yes insureguy, we have read all this. But the real question is what proof is there that the trust account of cm Meiers is short? No audit has been done by liberty company yet. As we all read in the journal, liberty may have purchased the assets of CMM but it does not mean the clients choose to stay there forever.
Nothing like having your “dirty laundry” hung out for the public to see in court.
I still maintain that the DOI needs to step in and revolk both Herb and Eric’s insurance licenses – permanently.
Eric needs to man up and resign from the IBA SFV.
DOG, you are a DOG! Why are you dishin them and what have they done to you? Why don’t you post your issues!
I think you should man up and admit you have a personal issue with the Rothman’s. You have no proof of anything you are stating and since you have been present at court every time…You know that Liberty case is false.
Man up and just admit you are trying to do more damage.
The truth will come out and I truly hope you will be a man and comment once the Insurance Journal post the outcome.
The truth will come out and since you have been present at court everytime you should know that Liberty has NO CASE.
Why is it that you are determined to slander the Rothman’s name.
Is it because you have a personal issue with them?
Your comments are not truthful or accurate….and I hope that when the insurance journal posts their final story that you will man up and apologize.
D it is obvious that you have some sort of hidden agenda against the Rothmans, in fact it seems a little personal and frankly a bit sad and this is not the forum to take out personal grudges….. I am a current client of CM Meiers/ Liberty and have been for a decade. My companies and personal insurance has always been handled with professionalism. I am happy to finally know why they have gone so I can return my business to them as I am shocked and outraged at how Liberty has handled the transfer of accounts. According to the IJ Liberty is picking and choosing who they want to pay out. 111000 in insurance payments was paid to CM Meiers from Doc Johnson after the Rothmans left the Company and not paid out to the carrier. This is the responsibility of Liberty as the buyer to pay out accounts. As a result Doc Johnson has no insurance because Doc Johnson brokered some accounts to Affinity… and because they feel they don’t have to I am SCARED!!!!!! BEWARE!!! PAY YOUR PREMIUMS DIECTLY TO THE CARRIERS!!!!
I find it interesting and hard to understand why Big Dog is attacking two individuals on a personal level.
Did he work for them for 10 years? Did he make money to support family for ten years? Did he take his business when he was unhappy and can continue to support his family? Is this over $5,000? Does he have any work ethic or does he just sit in court all day? Does he break bread with individuals one day and stab them in the back on the next?
There is one big answer for all these questions…JEALOUSY!!!!People do not like to see others being more successful than themselves.
Certain special individuals seek careers in the public eye. They pledge to uphold the United States Constitution and the Bill of Rights. This person seems not to believe innocent until proven guilty.
Maybe this person should stick with what they are good at….staying home and not working.
What is your problem, you obviously have one- with the Rothmans. They were good to you, and kept you on while others wanted you gone for lack of performance.
Why are you involved with matters that don’t concern you, why don’t you get to work and sell some insurance, I know a novel idea right? What exactly do you do for a living anyway?
If anyone is interested in how hhte Rothmans do business, one need only look at the original case of Gensar Saleigh v Rothman and the six fugure judgement he obtained in that case that sparked the Bankruptcy filing and now this mess. And that case isn’t over, the punitive damage phase will be going forward soon and the Rothmans may end up owing more- amounts not discharggable in Bankruptcy- then all your issues will be answered about the Rothmans.
What case are you referring to, there is no case of gensar saleigh vs Rothman ever filed or online? There is a case vs c.m. Meiers but not against any Rothman.
The reason CMM filed BK is this judgement. They lost in court and thought they were above paying this lawsuit and tried to get out of it by filing BK and selling the business to their brother/son in law JA. Look were it got them.
The first sentence is true. The rest of it is not true.
I have been following this as it has rocked the insurance community. Business go bankrupt everyday and Insurance Producers leave companies everyday taking or maintaining their business. It seems to me that the Rothmans are a part of some sort of witchhunt and quite frankly I feel sorry for them. The President of Liberty sent out some letter to the Carries with a lot of untruthful information. has this letter been made part of the public record yet as I would like to see it. I hope the Rothmans have a great lawyer to counter suit with. Liberty on the other hand should be ashamed of themselves as they are not paying premiums due to Carriers because they are upset the client brokered over some accounts to affinity. In 180 days they will have to pay it anyway’s and this seems to me that they are playing a big game with them at the expense of their own customers.
So, if I’m doing business with the same agent/broker for 10, 15 or 20 years and he calls to tell me he’s leaving the company and to wish me well, do I stay with the company or follow my agent?
99.99% of the time I follow my agent. Now, is the phone call he made a solicitation, or an indication that he stole me from the new company? Should I be forced to stay put, so I don’t get him (who may now be a friend, or trusted advisor, after all these years) into trouble?
Seems to me they’re talking to the wrong people.
btw – I have no dealings with any of these folks…just asking.
As far as I know you can go wherever you want. You don’t need to worry about your friend and if you want to maintain insurance with him/her then you should. This injunction against the Rothmans is pretty ridiculous. There is a law in California that’s Non-compete agreements are automatically void as a matter of law in California, except for a small set of specific situations expressly authorized by statute.[10] They were outlawed by the original California Civil Code in 1872.[11] Any person in California has the right to make a living. My suggestion to you is e-mail him your name and address and tell him to mail you a tombstone letter. After you receive your tombstone letter, change your insurance. I hope this helps.
I was a client of CMM insurance. Someone from CMM called me about my company’s insurance. They told me that H. Rothman had left the company, and then they made serious allegations against Herb. I’ve done business with Herb for over 20 years, and knowing him, I did not believe the allegations could be true. So I called Herb on his cell phone, and had my business transfered to him.
According to the people at Liberty, I don’t have the right to make this choice. I believe they are wrong. I have the right to choose whom I am going to do business with – and it certainly isn’t with the malicious people at Liberty!
#1 Client — it is not that it is illegal for you to follow your agent — but your agent can’t “sell” his/her book of business to someone else and then retrieve it to write it again. If you followed your agent to another agency, then the producers owes money back to the organization that bought the business.
Was there a non compete? No. Did the Rothmans solicit the business? No. Where is this law written you refer to written?
Do you realize that it’s against the insurance code for an agent to use their insured’s premium payments for anything else than paying the premiums? That’s why C.M. Meiers went BK. That’s why I believe that the principal’s licenses should be revolked.
Big Dog, do you have proof? It is also against the law to spread libel and slanderous rumors, which you my friend are GUILTY off.
Just stop with all of this nonsense.
How about using the premium payment in part to pay your commission?
Has C. M. Meiers, under Mr. Rothman, ever missed a payment to a company? Have they ever not paid their producers? Since you’re such a Big Dog, why aren’t you finding out that information before you slander Mr. R.? Or are you just too busy smoking your funny stuff and ridding your own bull?
Liberty thinks they can own clients, are they serious?
The client has the right to choose their agent,the person they have a relationship with. I don’t know the persons involved
but common sense tells you Liberty is out of line here.
BIB — if Liberty paid for the book of business they own it. If the seller turns around and rewrites the business, then fine, but then Rothman’s owe the buyer the money that was paid for the book.
Again, where is this “law” written?
Sorry I have to comment again, but the business was not taken over on old policies, but on brand new policies.
lies
What lies? Sorry to see you call someone a liar when you really don’t seem to know the facts. So what am I lying about?
i am appalled to learn that the rothman’s were making mortgage payments to their newport beach weekend home with company funds, while all the while telling their devoted employees that there were no funds for raises or xmas bonuses. what happened to “herb doesn’t take a dime out of the company…”?
what else must they have been paying for with company funds one wonders?
That is not true. Held, after a meeting with the Rothmans, took that out of his complaint! See how news isn’t reported properly. The monies used for the Newport house (which I visited) did not come out of CMM.
It appears that you might know everything. Since I was an employee and recieved both a raise and bonus I would be shocked that you are speaking for the entire company or just yourself. Maybe it just showed how you were not worth a raise or bonus. Yet you stayed and could have had any opportunity you wanted somewhere else. I think that would make you a little two faced.
You and your Fellow employee family members took home over 1/2 million a year from CMM for many many years- you have absoultely no complaints. Your family with your outrageous salaries contributed to the downfall with your greed.
Don’t feel sorry for the Rothman’s, none of their ex-employees do.
Ex-Employee
So you’re stating you know what all ex employees are thinking?
are you some kind of mind reader????? Or do you just like to
exagerate?
BIB, I completely agree with you. Gail seems to be so far up Liberty’s you know what, she must have a tan on her nose.
@Noone Special – Read the title and first paragraph of this article from this same website. It says….they were out of trust.
http://www.insurancejournal.com/news/west/2012/02/03/234213.htm
And now you’re showing your level of education. You believe everything you see in print?
The author of that headline might also have some explaining to do!
So…let me get this straight. Even though multiple sources have reported that C.M. Meiers was out of trust, and that is the reason they filed bankruptcy and the assets and liabilities of the agency were auctioned off to the highest bidder, you’re claiming the weren’t out of trust? Am I missing something here?
Frankly, yes. You are missing a lot. CMM did not go bk because of the trust account.
So…why DID CMM file BK?
Since you’re their “#1 Client”, you must be in the “adult entertainment industry”. Am I right? Herb was so proud to be the insurance broker for the local porn…I mean adult entertainment industry.
Wow this shows how much of prude and uneducated some people can be
No, I’m not part of that industry. However it’s people like you who support that industry, and make the people in the industry quite well off. If there was no demand there would be no supply! If the people that were insured were running an illegal business they couldn’t get insurance.
If you want to know why they went bk, look at some of the people sitting next to you in court.
Then why hasn’t the DOI done an investigation? Unless you have done an audit of the trust account yourself, I suggest you stop spreading this rumor until you have actual proof.
At Little Dog AKA Little MAN….that has YET to be proven…you are just a busy body who has nothing better to do but to bite the hand that fed you and your family for 10 years. I am disgusted at how quickly you forget that you were an employee. Are you sure your not just trying to keep this going since you gave your friend TL bad advise to purchase CMM a day before the auction.
Hey Genius – I never worked for CMM. Now who’s making assumptions?
FWIW, I was an underwriter at a carrier they were appointed with. Very few on the insurance company side had any respect for Herb.
Really? What world are you living in? Do you honestly think people don’t know who you are? If you were a carrier….then you wouldn’t be so upset and so involved. You are a joke. Not only are you a liar but now you really think you can speak for ALL carriers? HA HA HA HA HA….OK. Do me a favor and stop trying to walk with the big dog’s because obviously you still pee like a puppy!
Changing identities? We know who you are. You didn’t object to any of the other personal references.
Spare me….you have no clue.
It will be interesting when the estate of c.m. Meiers goes after other people and monies it can recapture, including checks cashed after bankruptcy filing and business stolen directly prior to bankruptcy by producers with no ownership clauses in their contracts.
BIB I second Gail Miley’s comment as ANOTHER ex employee I do not feel bad for the Rothman’s at all. They knew what they were doing the entire time dipping into the trust and they are nothing but liars. What goes around comes around, and no matter what the courts decide their reputation is ruined and anyone who is smart won’t do business with them again.
And “Beam me up” business wasn’t stolen prior to the bankruptcy. Business left faster than you can imagine becuase again anyone with a brain doesn’t want their name associated with a company that went under.
Wow, you know a lot. So you also know that only 2 producers left prior to bankruptcy? Those two producers were with the company for over 10 years. Those two producers did not own their business according to their contracts?
Or maybe I am just surmising since this is just things I heard.
Take it from someone who has experienced this from the inside of CMM. Look at the records and declarations given to the court the former owner was paying his second home mortgage out of operating expenses for years! That’s just the tip of the iceberg.
Jason A. is an “Actor” and editorialized to the point of absurdity. He was in this from the start for one reason to take advantage of this mess created by Herb Rothman.
Nice “snow job” on the part of Jason (the actor) Adelman. Anyone who doesn’t think Adelman’s group did not use several weeks of occupancy to their benefit is foolish! Look at the documentation and testimony of the impartial Federal Court Trustees. Look at the record of the mortgage payments out of Operating accounts for Herbs second home in Newport Beach, the change in the Life Policy ownership and cash taken out. Physical files WERE stolen, Accounts changed, etc. etc. The records are clear and will prove the level of deceit. Check all the records of the Arbitration Herb lost!
Gossip, gossip, gossip…which is just what you old guys like to do! When the facts come out in court, you’ll be singing another song.
As for Mr. Adelman, he has done more in the insurance industry – on his own with no help from anyone – than you’ve ever done with all the inside help you’ve had! Go share that with your cronies.
Isn’t Mr. Adelman the son/brother in law to Herb/Eric? Why…yes he is! Smells a bit fishy now, doesn’t it?
And yes…when the court documents are released, the facts will indeed come out. And it won’t be pretty for Herb and Eric.
I was an employee and will tell you that in the beginning everything was great. Like a family company. Small and yes we had our ups and downs and such as any family would have had. Then they decided to go in to entertainment and that is what I belive to be the start of the downfall of CMM. Overinflated egos with salaries to match, never running in the black and sucking the money and life out of everyone else there. Once that begins, it is a matter of time before everything else starts to fall apart. I got raises and bonuses until the last 3 years where I only got small bonuses. Herb told me we were like family, only problem is that while the world around us (Gas and Groceries) were getting more expensive, our salaries stopped making up the difference for that and it got harder to be able to afford the simple things in life. I could no longer take it and left. Say what you will, but we put our trust and our livelihoods in the Rothmans hands and they let us down. That is just my feelings and 2 cents worth.
I agree with every word that you have said because I was there myself! I did not get any raises or bonuses for 3 straight years during the rough times. You would think that if the Rothman’s got Contingency Checks from the Insurance Companies they would give to their employees, but no!!! No I wonder how they came up with the money to take their employees & friends to Las Vegas in the year 2007. Hmmmm!
I worked there for quite sometime. There were several things that caused the downfall of CMM. Branching out into Entertainment and buying a book of business that left as fast as it came. These two things came with people that had overinflated salaries and egos that matched. Only a few of them were worth what they were paid. The rest of us remained grossly underpaid and undervalued. Entertainment sucked the money and life out of what was once a really great company to work for. That department never ran in the black and I for one think if he had cut it loose, he wouldn’t be in this predicament. Just my 2 cents for what its worth.
Didn’t think it posted my first comment so this is a duplicate. I am the same person as Another Ex Employee.
I agree with you because I was there and didn’t receive any bonuses or raises for 3 straight years! You would think if the Rothman’s received Contingency Checks from the Insurance Companies that they would share it with their employees, but no!!! Now I wonder where the Rothman’s came up with the $$$ to pay for the Las Vegas Trip in 2007 when they took their employees and friends with them. Hmmm!
I think it’s really sad. ER had this entire company handed to him and instead of growing a pair and taking charge of the office, he sat in his office playing video games all day.
Oh come on. If you are WRK,you haven’t been there. If you aren’t WRK, you don’t know what ER business endevors were. He had one of the larger books of business in the company which he maintained.
Yes, at one time what you alleged was true, but not in the last 3 years. He has grown up a lot.
why is everyone mad at Liberty. all they did was buy a business and get screwed over.
Why should anyone feel bad for liberty? They did not do their due diligence before purchasing CMM. They had no idea the producers owned their books of business. Their error and now they are trying to blame the rothmans and others. Bad business decision on their part.
Why is everyone mad at Liberty? Well lets see… They refused to honor policies for which they received money…They have not refunded money that has been refunded by the company…They sent out slanderous and libelous letters about Affinity and the Rothmans…They have spread untruths in phone conversations…They have acused people of taking inside information – which was never taken…They insist that the company is out of trust, but they have never done an audit (not even a bad audit)…They are suing the Rothmans and Affinity for 1.7 million (more than they paid for the agency) And as one attorney put it.. there is no evidence that any information was taken, and no evidence that any harm has been done, and there is no evidence that the company is out of trust. However the trust issue is moot because they agreed to make the trust whole if indeed there is an out of trust issue.
Other than that…everything is cool!
I have never worked with cm meiers, but my friends have…. and as a outsider with no bias I can tell you this. It doesnt take a genius to figure this out. Simply read the insurance journal and decide for yourself. Common sense will tell you that something is wrong here. First, CM Meiers is out of trust. There is no reason for that. No one to blame there but the owner Herb. Eric is just a pawn in this following daddy. Second, Gensar did sue and win a lawsuit against CM Meiers, basically Herb. That is a fact, and anyone at that court date will tell you. Third, CM Meiers, aka Herb, filed bankruptcy to get out of paying that settlement. Thus prompting a domino effect on the company, leading to the loss of many jobs to good people. Meanwhile Herb and Eric are making $10,000 a month at Affinity.
And finally the collaspe. According to insurance journal Affinity came in and took over CM Meiers for a short time, which is owned by Jason, a relative of Eric and Herb. A coincidence I think not. Knowing that CM Meiers was going to be sold Herb and son, and Jason, took what they could. They are not stupid. These are smart men. Russell the IT guy stated himself that he was told to move accounts. Seem funny? Charlene, who now works with Affinity, somehow googled and contacted previous clients and is attempting to move them. This is in the journal people, black and white. Herb had emails deleted for several months prior to the move. How easy is it to take a disk or print paper and take it with you? Not hard right. Of course they took valuable information, why not?
I am sure I will get hate replies. But these are my opinions based upon reading the Insurance Journal and nothing more. If you doubt this read the journal for yourself. And I bet those hate replies will come from those who are still receiving money from the Rothmans. But what about poor Liberty, they bought a business which the Rothmans are taking back a account at a time. What about the 100 or so people who had to go job hunting after Herb left them high and dry?
You are right on Insurguy!!!
Your account from reading the Insurance Journal is correct, however their account is not correct. Therefor you both are wrong.
You must have inside information to come up with the Rothmans making a certain amount of money at Affinity – so you are lying about being an outsider. Anyhow, your information is wrong.
No, Jason, Eric, and Herb did not take information with them. If you were in court you would have heard the truth about the accounts being moved. Actually they were recoded, but never moved. If you knew Herb’s computer skills you would know that he doesn’t know how or why the e-mails were deleted. Also Herb didn’t send e-mails – he used the old fashioned phone. They did not take in house info, and have only placed business with people who called them first!
Oh by the way, Gensar did not win a lawsuit agains Herb, hew won one against C.M.Meiers. That is a big difference.
Poor Liberty – are you kidding. Come to court on Friday and hear about “poor Libert”. Might make you change your mind….
P.S. Surprise – this certainly isn’t a hate reply.
Yes insureguy, we have read all this. But the real question is what proof is there that the trust account of cm Meiers is short? No audit has been done by liberty company yet. As we all read in the journal, liberty may have purchased the assets of CMM but it does not mean the clients choose to stay there forever.