A federal judge denied a motion by Nationwide Life Insurance Co. to dismiss a family’s lawsuit accusing the insurance giant of fraud and breach of contract related to two $500,000 life insurance policies purchased in the 1990s.
In his six-page ruling on Jan. 9 denying Nationwide’s bid to dismiss, Senior U.S. District Judge Warren W. Eginton wrote the family’s claims that Nationwide increased its fees to boost profits while disregarding factors included in the policy are plausible. Those cost factors include future earnings, mortality and taxes.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
