January 02, 2024
Wells Fargo must continue facing a lawsuit accusing it of attempting to collect from a $4 million life insurance policy the insurer calls an "illegal human life wager," a New Jersey federal court ruled, also agreeing with the insurer that New Jersey law applies, not New York law.
April 06, 2023
A Nebraska life insurance company has sued Wells Fargo in New Jersey federal court, saying the bank is trying to collect from a $4 million life insurance policy the insurer says it was duped into issuing as an "illegal human life wager" that only benefits investors with no interest in the insured's life.