Attorneys obtained a defense verdict after a nearly three week long non-jury trial
Attorneys obtained a defense verdict after a nearly three week long non-jury trial. Plaintiffs are a married couple who were sold several whole life insurance policies by our client in the 1990's on their lives and the lives of their three minor children. Plaintiffs filed a voluminous complaint setting forth multiple causes of action alleging that they were deceived by the agent who purportedly misrepresented the insurance policies as retirement savings plans, college funding plans, alternative investments, etc. After two successful motions for partial summary judgment, at the time of trial the only remaining cause of action was for violations of the state Unfair Trade Practices and Consumer Protection Law which provides for the potential for treble damages, interest and attorney's fees. Plaintiffs had made a settlement demand and rejected a six figure settlement offer on the first day of trial. The judge found that there were no violations of the UTPCPL and entered judgment in favor of all defendants.