Neuma, Inc. v. Wells Fargo & Co.

MEMORANDUM OPINION AND ORDER

REBECCA R. PALLMEYER, District Judge.

Plaintiff Neuma, Inc. (“Neuma”) entered into a viatical settlement with Rudy Ock-huysen (“Ockhuysen”), an employee on disability leave from Defendant Wells Fargo & Company (“Wells Fargo”), in which Ockhuysen assigned his rights as a beneficiary under his employer-sponsored group life insurance policy to Neuma in exchange for a lump sum payment. Shortly thereafter, Wells Fargo terminated Ockhuysen’s employment pursuant to a company policy of limiting disability leaves to 30 months. As neither Neuma nor Ockhuysen subsequently…