Delaware federal court issues important post-Price Dawe opinion *

USA - July 17 2012
in a memorandum opinion issued in Principal Life Insurance Company v. Lawrence Rucker 2007 Insurance Trust on June 26, 2012, a federal district court applied the Delaware Supreme Court’s holding in PHL Variable Life Insurance Co. v. Price Dawe 2006 Insurance Trust (“Price Dawe”) to reverse an earlier order voiding a policy for lack of insurable interest.

Co-authors: Stephen G. Foresta .

U.S. district court grants summary judgment in a ruling that reinforces California law in favor of life settlements *

USA - February 9 2012
On February 6, 2012, in Hartford Life & Annuity Ins. Co. v. Doris Barnes Family 2008 Irrevocable Trust, et al., the United States District Court for the Central District of California granted summary judgment on behalf of the Doris Barnes Family 2008 Irrevocable Trust and against Hartford Life and Annuity Insurance Company on all of Hartford’s claims, including a claim that the policy at issue was void for lack of insurable interest and claims for fraud, fraudulent inducement, negligent misrepresentation, and conspiracy.

Co-authors: Stephen G. Foresta .