Judge Declines To Dismiss Counterclaims In STOLI Declaratory Suit

Judge Declines To Dismiss Counterclaims In STOLI Declaratory Suit

WILMINGTON, Del. - The defendant in a declaratory judgment action concerning purported stranger-originated life insurance (STOLI) arrangements has sufficiently established that 14 additional policies are related to the principles at issue in the insurer's declaratory claims, a Delaware federal judge ruled Dec. 30, declining to dismiss most of the defendant's counterclaims (PHL Variable Insurance Co. v. ESF QIF Trust, et al., No. 1:12-cv-00319, D. Del.; 2013 U.S. Dist. LEXIS 181268).

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