Trustee Banks To Face Jury In $600M Funeral Scam Case

Law360, New York (February 25, 2013, 4:48 PM EST) -- Plaintiffs suing over an alleged $600 million funeral contract insurance scam won the chance Friday to take their claims to a jury trial after a Missouri federal judge rejected a request from trustee banks linked to the scheme to have the case heard without a jury.

U.S. District Judge E. Richard Webber ruled that the plaintiffs' two remaining claims of breach of fiduciary duty and negligence against the banks constituted matters at law that were appropriate for a jury to hear.

The banks, including Bank of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.