Legal Opinion
Wal-Mart Stores, Inc. v. AIG Life Insurance
Supreme Court of Delaware
Decided June 6, 2006No. 172,2005PublishedCited by 83 opinions
1Opinion of the Court
BERGER, Justice:
In this appeal, we consider whether the Court of Chancery correctly decided that appellants’ Amended Complaint must be dismissed for failure to state a claim. The complaint purports to state several different claims arising out of appellants’ purchase of corporate-owned life insurance (COLI) policies that were supposed to generate significant tax benefits. In fact, the COLI policies did not generate tax benefits and appellants allegedly suffered more than $100 million in damages. We conclude that the complaint adequately alleges a claim of fraud. The complaint adequately…
2Cases cited10 opinions
- Dunlap v. State Farm Fire & Casualty Co.Supreme Court of Delaware · 2005
- Stephenson v. Capano Development, Inc.Supreme Court of Delaware · 1983
- Wal-Mart Stores, Inc. v. AIG Life InsuranceSupreme Court of Delaware · 2004
- In Re Tri-Star Pictures, Inc., LitigationSupreme Court of Delaware · 1993
- Norton v. PoplosSupreme Court of Delaware · 1982
5 more not listed; retrieve them via the Exa API.
3Cited by83 opinions
- North American Catholic Educational Programming Foundation, Inc. v. GheewallaSupreme Court of Delaware · 2007
- Reid v. SpazioSupreme Court of Delaware · 2009
- XL Specialty Insurance v. WMI Liquidating TrustSupreme Court of Delaware · 2014
- Auriga Capital Corp. v. Gatz Properties, LLCCourt of Chancery of Delaware · 2012
- Soaring Wind Energy, L.L.C. v. Catic USA InCourt of Appeals for the Fifth Circuit · 2020
78 more not listed; retrieve them via the Exa API.