SEC Alert: Appellate Court Orders Trial Court Judgment be Reversed ...

August 16, 2011 at 5:41 am ? Filed under Life Insurance News

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On Feb 3, 2010, in a case Sheila Newman vs. National Western Life Insurance Company, a Trial Court in Weatherford, Parker County, Texas entered a Final Judgment opposite National Western Life Insurance Company of approximately $208,000, including tangible indemnification of $113,000 and amounts for attorney?s fees, and prejudgment seductiveness on a tangible damages. In addition, a Final Judgment included $150 million for model damages.

The Company filed an interest of a Final Judgment with a Second District of Texas Court of Appeals. On Aug 11, 2011, a Appellate Court entered a Judgment grouping a visualisation of a Trial Court be reversed. The Appellate Court Judgment serve rendered that Sheila Newman take zero and compensate all costs of a interest observant ?that there was blunder in a hearing court?s judgment?.

As of Jun 30, 2011, a Company had accrued $0.6 million for this matter in a financial statements.

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Source: http://lifeinsurancehealth.net/sec-alert-appellate-court-orders-trial-court-judgment-be-reversed-in-case-against-national-western-life-insurance/

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