Life Settlement Investment Firm - Advice and Litigation
Representation of a German investment firm with respect to its investment portfolio of U.S. life insurance policies. David has provided advice concerning life settlement laws and regulations in various jurisdictions. David has also represented the company in litigation on its disputed claims in multiple jurisdictions. In a recent federal litigation, David procured a multi-million dollar settlement for the client. In that case, the carrier had contested the claim as a likely STOLI ("stranger originated life insurance") policy. Under the settlement, our client received payment of almost 90% of the policy value, with the carrier receiving partial reimbursement from various third-parties allegedly involved in the STOLI scheme. David is also pursuing a large claim in Pennsylvania federal court.