Insurers Pen Deals In Lydia Capital Fraud Case

Law360, New York (February 8, 2010, 1:45 PM EST) -- Two insurance companies have reached settlements related to disputed life insurance policies in a case brought by the U.S. Securities and Exchange Commission that accuses hedge fund operator Lydia Capital LLC of carrying out a scheme that cost investors at least $15 million.

The settlements by Sun Life Assurance Company of Canada and Lincoln National Life Insurance Co., revealed in a filing Friday in the U.S. District Court for the District of Massachusetts, come six months after the judge overseeing the case signed off on a...
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