National Western Life reaches settlement

D'Allegro, Joseph
October 1998
National Underwriter / Life & Health Financial Services;10/12/98, Vol. 102 Issue 41, p53
Reports that the National Western Life Insurance Co. has agreed to a bankruptcy reorganization plan for its Westcap Corp. subsidiary. Settlement of the bulk of creditors' claims against the subsidiary; Bankruptcy filing in 1996 after several individual creditor lawsuits were filed on behalf of clients of the company's derivative investment products.


Related Articles

  • Retirement Relief.  // Teacher Magazine;Mar99, Vol. 10 Issue 6, p10 

    Reports the settlement of class action lawsuit involving the teachers in the United States who claimed that they were misled by National Western Life Insurance Co. Details on the agreement; Payments to be made by National Western.

  • HEADNOTE: LESSONS LEARNED. Meyerowitz, Steven A. // Banking Law Journal;Sep2011, Vol. 128 Issue 8, p673 

    An introduction is presented in which the editor discusses articles in the issue on topics including private equity deals of the Federal Deposit Insurance Corporation financial organization, the bankruptcy code in the U.S., and class actions.

  • BANKRUPTCY AS A VEHICLE FOR RESOLVING ENTERPRISE-THREATENING MASS TORT LIABILITY. Resnick[a], Alan N. // University of Pennsylvania Law Review;Jun2000, Vol. 148 Issue 6, p2045 

    Focuses on bankruptcy as a means of saving business enterprises from mass tort liability in the United States. Use of class actions and other mechanisms for collectively dealing with claimants; Lack of specific guidance for futures claims in the Bankruptcy Code; Need for statutory improvements...

  • ASTA Gears Up Class-Action Suit To Stop Renaissance Demand for Pay Returns. Holly, Tricia A.; Young, Susan J. // Travel Agent;6/30/2003, Vol. 313 Issue 2, p10 

    Reports on the class-action lawsuit American Society of Travel Agents (ASTA) plans to file against the bankruptcy estate of Renaissance Cruises to stop the company from demanding for a return of commissions. ASTA plan to seek class-action status for all ASTA members; Submission of complaint and...

  • OOIDA, FLEET SETTLE SUIT FOR $1 MILLION.  // Overdrive;Oct2002, Vol. 42 Issue 10, p73 

    Reports on the class action suit brought by the Owner-Operator Independent Drivers Association in the U.S. Amount of the settlement; Details on the filing of Gilbert Express with the bankruptcy protection; Reason of the firm for filing the protection law.

  • QUICK HITS.  // Restaurant Business;1/15/2005, Vol. 104 Issue 1, p14 

    The article presents information related to the restaurant business. The parent of the Bakers Square and Village Inn has agreed to pay$ 6.6 million to settle two class-action lawsuits alleging violations of California laws covering meal and rest breaks. An investor in the Cosi fast-casual...

  • Ruling on Enron civil case due.  // Accountancy;Mar2007, Vol. 139 Issue 1363, p10 

    The article reports on a possible 2007 ruling by a United States court on whether plaintiffs can bring a class action suit against Credit Suisse, Merrill Lynch and the law firm Vinson and Elkins. The three organizations were connected with the collapse of the Enron Corporation. Shareholders were...

  • River City files Ch.11 after handicap-suit loss. Martin, Richard // Nation's Restaurant News;10/26/98, Vol. 32 Issue 43, p3 

    Announces the filing of Sacramento, California-based brewpub-restaurant, River City Brewing Co., for Chapter 11 bankruptcy protection after losing in a lawsuit over its inaccessibility to customers in wheelchairs. Highlights of the class action lawsuit filed against River City in 1996; Failure...

  • Mass Torts Bankruptcies: The Who, The Why and The How. Vairo, Georgene // American Bankruptcy Law Journal;Winter2004, Vol. 78 Issue 1, p93 

    Studies the nature of mass torts bankruptcies in the United States. Procedural tools used by federal courts to manage mass tort litigation; Landmark mass tort bankruptcy cases; Features of the country's bankruptcy system; Practical concerns in the use of bankruptcy to resolve mass tort litigation


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics