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July 14, 2009 at 08:00 PM
A state appeals court says New York State Attorney General Andrew Cuomo can pursue a life settlement case in state court, rather than taking the case to arbitration.
Cuomo’s office has filed a complaint accusing Coventry First L.L.C., Fort Washington, Pa., of rigging the life insurance policy bidding process.
The complaint, filed in October 2006, also names Montgomery Capital Inc. and Reid S. Buerger, Coventry’s chief executive, as defendants.
Coventry has argued that its agreements with life insurance sellers require the sellers to take any disputes to arbitration.
