Bristol-Myers Insured Employees Without Consent, Suit Says

Law360, Los Angeles (November 26, 2013, 5:44 PM EST) -- The widow of a Bristol-Myers Squibb Co. employee filed a putative class action against the company Tuesday, accusing it of taking out a $6 million insurance policy against her husband without his knowledge or consent.

Bristol-Myers Squibb Co. did not have a legitimate reason to take out such an “astonishing” policy on employee Bruce Simmons, whose death was not worth $6 million to the company, the suit said.

“Bristol-Myers did not have an insurable interest in Bruce Simmons’ life,” the complaint said. “Bristol-Myers could not have...
To view the full article, register now.




Case Information

Case Title

Simmons v. Bristol-Myers Squibb Company et al

Case Number



Illinois Northern

Nature of Suit

110(Contract: Insurance)


Honorable Amy J. St. Eve

Date Filed

November 26, 2013

Law Firms


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.