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Delaware's highest court dealt a blow to hedge funds and other investors who seek to buy life-insurance policies from people in order to collect the proceeds when they die.
In a pair of closely-watched cases, the court ruled that insurers can challenge the legitimacy of a policy that had changed hands at any point, even after the standard two-year window for contesting policy payouts has expired.
http://online.wsj.com/article/SB10001424052970204010604576592780764849782.html
In a pair of closely-watched cases, the court ruled that insurers can challenge the legitimacy of a policy that had changed hands at any point, even after the standard two-year window for contesting policy payouts has expired.
http://online.wsj.com/article/SB10001424052970204010604576592780764849782.html