Colorado Bankers Life Insurance Company v. Academy Financial Assets, LLC

IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF NORTH CAROLINA WESTERN DIVISION No. 5:20-CV-185-D COLORADO BANKERS LIFE ) INSURANCE COMPANY, ) Plaintiff, v. ORDER ACADEMY FINANCIAL ASSETS, LLC, ; Defendant. On June 23, 2020, Colorado Bankers Life Insurance Company (“CBL” or “plaintiff’) filed an amended complaint against Academy Financial Assets, LLC (“AFA” or “defendant”) requesting damages for breach of contract and attorneys’ fees under North Carolina law [D.E. 19]. According □ to CBL, AFA borrowed nearly $40 million and failed to pay it back. See id. AFA claims its…