Investment Co. Returns Fire In SOLI Fraud Case

Law360, New York (April 14, 2009, 12:00 AM EDT) -- An investment company targeted by West Coast Life Insurance Co. in a lawsuit over an alleged illegal stranger-owned life insurance scheme fired back, saying the claims against it should be dismissed because West Coast Life filed a “shotgun complaint” and failed to make specific allegations against individual defendants.

Park Venture Advisors LLC filed the motion to dismiss Tuesday in the U.S. District Court for the Southern District of Florida, noting that six of the 13 counts in West Coast Life's amended complaint pertain directly to the...
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