Interest

Court Upholds $28 Million Verdict and Approves Additional Interest in Kansas City Life Insurance Breach of Contract Case

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Kansas City, MO – In a landmark ruling, the Western District Court of Appeals has confirmed that prejudgment interest should be tacked onto a $28 million jury verdict in a class action lawsuit against Kansas City Life Insurance Company (KCL). The decision, issued on September 24, overturns an earlier denial of the prejudgment interest and underscores a breach of contract concerning the insurer’s method of calculating policy cash values. The litigation initiated by David B. Karr, representing over 8,000 policyholders, stems from allegations that KCL improperly deducted from the accounts’ monthly cash value under the … Read more

Missouri Court Upholds $28 Million Verdict Against Kansas City Life Insurance, Orders Additional Prejudgment Interest

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JEFFERSON CITY, Mo. — In a significant ruling, a Missouri appellate court has affirmed a $28 million jury award in a class-action lawsuit involving Kansas City Life Insurance Co. The case centers on disputes over the way universal life insurance policies’ values were calculated, potentially affecting numerous policyholders. Additionally, the court has remanded the matter back to trial court to address the issue of prejudgment interest, which could substantially increase the compensation owed to affected class members. The appellate court’s decision stems from a lawsuit titled Karr v. Kansas City Life Insurance Co., where plaintiffs … Read more

Murder Trial Stalled: Conflict of Interest Concerns Arise as Mother and Son Share Defense Attorney

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TALLAHASSEE, Fla. — The trial of Donna Adelson, charged with conspiracy and murder, faced a significant delay Tuesday as judicial proceedings were halted to address a potential conflict of interest involving her defense attorney, Daniel Rashbaum. The court convened with 100 potential jurors at the Leon County Courthouse, but the selection process was promptly paused. Adelson’s current legal predicaments are entangled with her son Charlie Adelson’s case, in which he was convicted for his role in a murder-for-hire plot and is serving a life sentence. Both mother and son shared Rashbaum as their attorney, raising … Read more

Court Orders Additional $2 Million in Pre-Judgment Interest to Victim Awarded $10 Million in Carnival Miracle Assault Case

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Miami, FL – In a significant legal ruling, a trial court recently awarded an additional $2 million in pre-judgment interest to a victim who was awarded $10 million in damages last month for a rape incident that occurred aboard the Carnival Miracle cruise ship. This decision marks a crucial development in a case that has captured national attention and highlighted issues of safety and security on cruise vessels. The incident, which took place several years ago, involves a female passenger who was attacked and raped by a crew member during a voyage. The jury’s substantial … Read more