Judge again tosses Penn Mutual whole life lawsuit alleging tax scam
August 5, 2026 by John Hilton
A California federal judge again threw out a lawsuit accusing Penn Mutual Life Insurance Co. and its codefendants of running a whole life insurance tax-avoidance scam.
In her ruling last week, however, Judge Sherilyn Peace Garnett gave the 29 plaintiffs one final opportunity to revive several fraud-related claims through an amended complaint. Plaintiffs have 21 days to file a third amended complaint.
Originally Posted at InsuranceNewsNet on Aug 3, 2026 by John Hilton.
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