$102M Judgment Awarded Over Mishandling Of Funds For Insolvent Insurers

Mealey's (July 8, 2019, 11:57 AM EDT) -- ST. LOUIS — Following a four-week trial in a dispute filed by a special deputy receiver and state insurance guaranty associations regarding allegations over the mishandling of insolvent funeral insurers’ funds, a Missouri federal judge on July 3 issued a $102,135,293.07 judgment in favor of the receiver and guaranty associations and against two banks (Jo Ann Howard & Associates P.C., et al. v. J. Douglas Cassity, et al., No. 09-01252, E.D. Mo., 2019 U.S. Dist. LEXIS 110998)....