July 24, 2012
Wells Fargo Bank NA will get another shot at validating a $10 million insurance policy from Pruco Life Insurance Co. following a Florida federal judge's decision Monday to consider whether Pruco knew the policy was secured fraudulently long before it sought to have it voided.
November 14, 2011
A Florida federal judge on Monday awarded summary judgment to Pruco Life Insurance Co. in its lawsuit against Wells Fargo Bank NA claiming the bank bought an invalid $10 million life insurance policy that a broker agency fraudulently obtained to resell on the secondary market.
July 22, 2011
A Florida magistrate judge refused Friday to hold an insurance producer in contempt for his failure to testify in Pruco Life Insurance Co.'s suit over his former company's allegedly fraudulent sale of an invalid $10 million life insurance policy.
July 07, 2011
A Florida federal judge on Thursday rejected Pruco Life Insurance Co.'s request to toss a Wells Fargo Bank NA counterclaim for negligent misrepresentation in a suit alleging the bank was a middleman in a scheme to sell an invalid $10 million life insurance policy.
January 10, 2011
Wells Fargo Bank NA has lost its bid to dismiss a lawsuit claiming the bank bought an invalid $10 million life insurance policy, which a broker agency had fraudulently obtained to resell on the secondary market.