Thursday, June 3, 2010

Judge Lets Claims Stand in Annuity Case

A federal judge in Rhode Island let stand some civil legal claims by two insurance companies against an estate-planning attorney and others who used newspaper ads to recruit dozens of terminally ill people for purchases of variable annuities.

The judge, in U.S. District Court in Providence, R.I., in a Wednesday ruling let stand fraud, conspiracy and other claims against the estate-planning attorney, Joseph Caramadre, and others involved in the alleged scheme. But he dismissed other claims, ruling the insurers couldn't void the annuity contracts...

WSJ: Judge Lets Claims Stand in Annuity Case

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