Legal Opinion
Western Reserve Life Assurance Co. of Ohio v. CONREAL LLC
District Court, D. Rhode Island
Decided June 2, 2010No. C.A. 09-470 S, 09-471 S, 09-472 S, 09-473 S, 09-502 S, 09-549 S, 09-564 SPublishedCited by 10 opinions
1Opinion of the Court
OPINION AND ORDER
WILLIAM E. SMITH, District Judge.
In these cases, Plaintiffs Transamerica Life Insurance Company (“Transamerica”) and Western Reserve Life Assurance Company of Ohio (‘Western Reserve”) claim they have been defrauded in an annuity scam. Plaintiffs allege that Defendants found a way to use variable annuities as a vehicle for riskless speculation in securities. The key to the scheme was recruiting terminally — ill people as annuitants — the individuals whose lives were used as measuring tools for the contracts. Defendants or their clients would buy policies that allowed them to…
2Cases cited57 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Burger King Corp. v. WeaverCourt of Appeals for the Eleventh Circuit · 1999
- Alternative System Concepts, Inc. v. Synopsys, Inc.Court of Appeals for the First Circuit · 2004
- Nationsbank of North Carolina, N. A. v. Variable Annuity Life InsuranceSupreme Court of the United States · 1995
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3Cited by10 opinions
- Western Reserve Life Assurance Co. v. ADM Associates, LLCCourt of Appeals for the First Circuit · 2013
- Western Reserve Life Assurance Co. of Ohio v. ADM Associates, LLCSupreme Court of Rhode Island · 2015
- Metlife Investors USA Insurance v. ZeidmanDistrict Court, E.D. New York · 2010
- Sheet Metal Workers Local No. 20 Welfare & Benefit Fund v. CVS Health Corp.District Court, D. Rhode Island · 2016
- Western Reserve Life Assurance Co. v. CaramadreDistrict Court, D. Rhode Island · 2012
5 more not listed; retrieve them via the Exa API.