Summary
A 2010 legal case involved a plaintiff who asserted that Aviva participated in a Ponzi scheme, which utilized life insurance products. The court permitted the continuation of claims pertaining to conspiracy, breach of fiduciary duty, and aiding and abetting. However, the claim under the Consumers Legal Remedies Act (CLRA) was dismissed, on the grounds that insurance products are not within its scope.
Summary
In a 2010 legal proceeding, the plaintiff contended that Aviva had engaged in a Ponzi scheme involving life insurance products. The court permitted the continuation of claims related to conspiracy, breach of fiduciary duty, and aiding and abetting. Conversely, the claim brought under the Consumers Legal Remedies Act (CLRA) was dismissed, as the Act does not apply to insurance products.
Summary
In a 2010 legal case, a plaintiff claimed that Aviva was involved in a Ponzi scheme that used life insurance products. The court allowed claims concerning conspiracy, breach of fiduciary duty, and aiding and abetting to move forward. However, a claim filed under the CLRA (Consumer Legal Remedies Act) was dismissed because insurance products are not covered by that particular law.
Summary
In a 2010 court case, someone claimed that Aviva was part of a plan to trick people out of money. This plan used life insurance products. The court allowed claims about a secret plan, a special trust, and helping others to do wrong to move forward. However, the court stopped a claim under a consumer protection law. This was because that law does not cover insurance.