Judge: Insurance Company’s Claims Over Life Insurance Scheme Are Timely

Mealey's (August 3, 2015, 1:54 PM EDT) -- NEWARK, N.J. — A federal judge in New Jersey on July 31 denied a motion to dismiss filed by defendants accused of engaging in a scheme to sell a stranger-originated life insurance (STOLI) policy to third-party investors, finding that the plaintiff company’s claims were timely and that the insurer sufficiently pleaded damages as a result of the alleged scheme (Pruco Life Insurance Company v. Denise Binday Koslowsky, et al., No. 14-03976, D. N.J.; 2015 U.S. Dist. LEXIS 100515).

(Opinion available. Document #20-150828-007Z.)

U.S. Judge Claire C....
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