Columbus Life Insurance Company v. Wells Fargo Bank, N.A.

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE COLUMBUS LIFE INSURANCE COMPANY, Plaintiff, v. C.A. No. 20-833-MN-JLH WELLS FARGO BANK, N.A., as Securities Intermediary, Defendant. REPORT AND RECOMMENDATION This dispute arises out of an insurance policy on the life of Ann Snyder. Plaintiff Columbus Life Insurance Company says that the policy is an illegal stranger-originated life insurance (“STOLI”) policy, and it seeks a declaration from the Court that the policy is void ab initio. Defendant Wells Fargo Bank, N.A. says that the policy is valid. Defendant has also pleaded a…