Banks, Insurers Seek To Dismiss Deceptive Acts, Illegal Kickback Lawsuit

Mealey's (June 29, 2018, 7:30 AM EDT) -- HONOLULU — In a lawsuit alleging unfair or deceptive acts or practices by placing “unnecessary” insurance, with “unreasonable and inflated premiums” that included “improper compensation through illegal kickback or captive reinsurance arrangements,” banks and insurers on June 15 filed several motions to dismiss a second amended complaint filed in a Hawaii federal court (Julia Wieck v. CIT Group Inc., et al., No. 16-00596, D. Hawaii)....