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Whose Life Insurance is It, Anyway?
A suit filed by insurer John Hancock, set to go to trial in federal court in Miami, may serve as a test case of the enforceability of so-called wet ink viaticals. Buyers say they're legal, but insurers and regulators fear that the growth of these deals, in which insureds sell life insurance policies to investors before the ink dries on the contract, could hurt the life insurance industry and encourage fraud.Full-Court Press: Heat Fan Sues After Front-Row Seats Become Second-Best
Richard Mateer is a die-hard basketball fan. When the National Basketball Association awarded a franchise to the Miami Heat in 1988, he jumped at the chance to purchase six front-row courtside seats for all regular season home games. But in 1996, his relationship with the Heat chilled after the team established a new front row, converting his seats to the second row.Investors Win $9M Arbitration Against Ocwen
Ocwen Financial Corp. and its chief executive were ordered to pay three Los Angeles mortgage brokers $9.1 million after an arbitration panel found that the West Palm Beach, Fla., financial services company tried to defraud them of their minority interest in a subsidiary. The panel ruled that Ocwen engaged in fraudulent inducement and breached its duty of good faith to its minority investors.Florida Judge Orders California Company to Stop Using Golf Pro's Name and Logo
Golfing great Gary Player has won the opening round in his trademark violation lawsuit to stop an Internet company from using his name and logo in the sale of golf merchandise. A federal judge in West Palm Beach, Fla., on Monday issued a preliminary injunction preventing Gary Player Golf Inc. from using Player's name, likeness or other intellectual property rights associated with the golfer.Jury Selection Begins in Coach's Bias Suit Against University
The road from basketball court to trial court has been a tough one for Wayne Allen, former coach at Florida Atlantic University. But the end came nearer Monday, as jury selection began in his wrongful-termination suit against FAU. Allen claims FAU hired a woman to replace him to satisfy NCAA gender equity requirements and win approval for a Division I football program.Florida Regulators say Lake Worth Investment Firm Bilked Seniors
Drawn by claims of a "rock solid investment" and "guaranteed" interest of 9.25 percent, Joseph Hamel, 90, and his 85-year-old wife, Winifred, invested their life savings in U.S. Capital Funding of Lake Worth, Fla. Checks of $455 arrived every month until January, when the check was for only $68. They are among more than 300 nationwide who may be victims of a $40 million to $50 million fraudulent investment scheme.Ex-Students Who Sued Florida University Must Pay School's Legal Fees
Eight physical therapy students at a state university in Florida who unsuccessfully sued the school for failing to obtain accreditation for its P.T. program must pay the university's attorney fees, a state appeals court ruled Wednesday. Florida Atlantic University argued that it was entitled to the fees because the former students had rejected the university's settlement offer before their negligence case went to trial.TRENDING STORIES
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