In a defeat for the insurance industry, the 11th U.S. Circuit Court of Appeals has affirmed a lower court ruling barring 17 insurance companies from canceling policies due to a massive fraud investigation into a Fort Lauderdale, Fla., viatical company.

Last week, a three-judge panel sided with Coral Gables attorney Roberto Martinez, the receiver for Mutual Benefits Corp., and upheld a ruling by Southern District of Florida Judge Federico A. Moreno that a lawsuit filed by the insurers should be dismissed because it failed to show specific fraud in each of the 1,700 policies in question.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]