McAlice v. Safeco Life Insurance Company, 93-5331 (1997)

DECISION

The matter was tried before the court without the intervention of a jury on a conversion action filed by the plaintiffs (Henry and Elaine McAlice) for damages arising out of monies submitted by them to Louis Thacker for purported deposit into an annuity account managed by the defendant (Safeco Life Insurance Company).

FACTS

Plaintiff Elaine McAlice testified that she is married to plaintiff, Henry L. McAlice. In 1990, when the time came for Mr. McAlice to roll over his 401K funds, she suggested the couple engage the defendant, Louis Thacker. She testified she met Thacker through her…