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Another Life Settlement Court Case
TermLifeGuy
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6-24-2009 9:43 AM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/2f7f51e9-37f5-41b1-9eca-94eafaba2453/61D3B11A-4ADE-42A5-BD4C-8618BB491E67/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/06-23-2009/0005048763&EDATE=" href="http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/06-23-2009/0005048763&EDATE=" style="font-size: 11px;">news.prnewswire.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/06-23-2009/0005048763&EDATE="><B>Answer Care Receiver Says Successful Trial Outcome Against First Penn-Pacific Will Benefit Investors</B></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.prnewswire.com/ViewContent.aspx?ACCT=109&STORY=/www/story/06-23-2009/0005048763&EDATE="><P><LOCATION>BALTIMORE</LOCATION>, <CHRON>June 23</CHRON> /PRNewswire/ -- <PERSON>James A. Gordon</PERSON> and Invotex Group, as court appointed administrator of a life insurance policy that was viaticated through Answer Care, Inc., a now-defunct viatical settlement company that was placed into receivership in 2002, delivered good news to a discrete group of Answer Care investors. After nearly seven years of trials and appeals, Invotex was successful in litigation against First Penn-Pacific Life Insurance Company regarding the validity of a <MONEY>$2 million</MONEY> life insurance policy. A recent 4th Circuit Court of Appeals ruling established the validity of a life insurance policy under which First Penn must pay to Invotex as the policy trustee <MONEY>$2 million</MONEY> plus nearly <MONEY>$1 million</MONEY> in interest that has accrued since 2004. The net proceeds of the First Penn policy will be allocated among the policy investors.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/61D3B11A-4ADE-42A5-BD4C-8618BB491E67/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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