The Supreme Court of New York (New York County) granted today the Firm’s motion to dismiss plaintiff’s complaint against our client, a national life insurance company, which alleged that the client breached the terms of a life insurance policy, violated federal tax laws, engaged in fraud and was negligent when, instead of paying out the policy’s death benefits to the decedent’s designated beneficiaries, including plaintiff, it offered a spousal continuation option to the decedent’s husband who thereafter divested plaintiff of his interest under the policy. In dismissing the complaint with prejudice, the Court agreed with the Firm’s arguments that each of plaintiff’s claims were time barred, including under a ‘discovery rule’ which plaintiff argued saved the claims.
