Estate of Phyllis M. Malkin v. Wells Fargo Bank, N.A., et al
Case Number:
19-14689
Court:
Nature of Suit:
Companies
Sectors & Industries:
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June 24, 2022
11th Circ. Gives Berkshire Split Ruling In $4M Coverage Case
The Eleventh Circuit affirmed a ruling that a Berkshire Hathaway unit and Wells Fargo must pay $4 million to a Florida woman's estate over an illegally procured life insurance policy, although Berkshire can continue arguing that it should be entitled to recover premiums it paid on the policy.
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May 26, 2022
Void Insurance Buyers May Seek Premiums, Del. Court Says
Unwitting second-hand buyers of life insurance schemes that allow speculators to take out policies on the life of a stranger and profit if the person dies early may recover premiums if they can prove they are legally entitled to them, the Delaware Supreme Court said Thursday.
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May 28, 2021
11th Circ. Rejects Berkshire Bid To Ax $4M Insurance Award
The Eleventh Circuit has agreed with a Florida federal court that a Sunshine State woman's life insurance policy was illegally procured, though the appellate court otherwise stayed Berkshire Hathaway's appeal of the ruling that it owes $4 million until the Delaware Supreme Court answers several questions.
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April 22, 2021
Berkshire Urges 11th Circ. To Toss $4M Life Settlement Ruling
Insurer Berkshire Hathaway told the Eleventh Circuit Thursday that a lower court erred in finding that a Florida woman's life insurance policy it purchased through a secondary market had been originally procured through an illegal transaction, and that it must pay more than $4 million in proceeds to the woman's estate.