Larry Grill, Et Al V. Lincoln National a Topic at LISA Event
The Life Insurance Settlements Association (LISA) just announced a nice addition to its final agenda for its 2014 Annual Fall Life Settlement and Compliance Conference Oct 5-7 at the Omni Scottsdale Resort & Spa.
Attorneys Gordon A. Schaller and Daniel L. Warshaw will be speaking Monday, Oct. 6, about the recent high-profile lawsuit Larry Grill, et al. v. Lincoln National Life Insurance Co., filed in federal district court in California.
In this case, the owners of a life insurance policy brought suit alleging claims for fraudulent concealment stemming from the carrier’s failure to inform them of the existence and possibility of selling their policy into the secondary market.
“This is an important case for the life settlement industry because it’s one of the first lawsuits alleging that life insurers have an affirmative obligation to disclose the existence of the life settlements option” says Darwin Bayston, President and CEO of LISA.
Could this case be a real difference-maker in life settlements market if the suit is successful?