Wells Fargo’s alleged involvement was one of many similarities between the Silbiger policy and another stranger-originated life insurance policy that the New Jersey Supreme Court declared null and void in 2019.
April 06, 2023 at 02:39 PM
5 minute read
What You Need to Know
- The lawsuit says Wells Fargo is the owner and beneficiary of an illegal insurance policy brought by strangers who gambled on the life of an elderly woman.
- The U.S. Supreme Court and New Jersey Supreme Court spoke out against stranger-originated life insurance policies.
- A crop of litigation emerged involving stranger-originated policies, with Cozen O’Connor developing a niche practice in that area.
Wells Fargo was hit with a lawsuit over its alleged role in a scheme involving strangers who bought a life insurance policy on a New Jersey woman.
Ameritas Life Insurance Corp. brought the suit in the U.S. District Court for the District of New Jersey against Wells Fargo in its role as a securities intermediary.
You Might Like
6 minute read
5 minute read
6 minute read
4 minute read
Law Offices of Gary Martin Hays & Associates
75 Ponce De Leon Ave NE Ste 101
Law Offices of Mark E. Salomone
2 Oliver St #608
Smith & Hassler
1225 N Loop W #525
Presented by BigVoodoo
More From ALM
With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that have fulfilled their CLE requirement but need to access resourceful information for their practice areas.
Our Team Account subscription service is for legal teams of four or more attorneys. Each attorney is granted unlimited access to high quality, on-demand premium content from well-respected faculty in the legal industry along with administrative access to easily manage CLE for the entire team.
Gain access to some of the most knowledgeable and experienced attorneys with our 2 bundle options! Our Compliance bundles are curated by CLE Counselors and include current legal topics and challenges within the industry. Our second option allows you to build your bundle and strategically select the content that pertains to your needs. Both options are priced the same.
Dynamically explore and compare data on law firms, companies, individual lawyers, and industry trends.
Law.com Compass includes access to our exclusive industry reports, combining the unmatched expertise of our analyst team with ALM’s deep bench of proprietary information to provide insights that can’t be found anywhere else.
Law.com Compass delivers you the full scope of information, from the rankings of the Am Law 200 and NLJ 500 to intricate details and comparisons of firms’ financials, staffing, clients, news and events.