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CGU LIFE INS. CO. v. METRO. MORTG. & SECURITIES

No. CIV.A.00-CV-0271.

131 F.Supp.2d 670 (2001)

CGU LIFE INSURANCE COMPANY OF AMERICA, and CGU Annuity Service Corporation, v. METROPOLITAN MORTGAGE & SECURITIES CO., INC., Woodbridge Sterling Capital LLC, and Lester E. Lytle, Jr.

United States District Court, E.D. Pennsylvania.

February 2, 2001.

Attorney(s) appearing for the Case

Stephen C. Baker, Stephen R. Harris, Stradley, Ronon, Stevens & Young, Melvern, PA, for plaintiffs.

Jeffrey S. Saltz, Law Office of Jeffrey S. Saltz, Philadelphia, PA, Lester E. Lytle, Jr., Bangor, PA, for defendants.

MEMORANDUM AND ORDER

JOYNER, District Judge.

Now pending before this Court are the cross-motions for summary judgment of the Plaintiffs, CGU Life Insurance Company of America and CGU Annuity Service Corporation, and the Defendants, Metropolitan Mortgage & Securities, Co. and Woodbridge Sterling Capital. For the reasons outlined below, the plaintiffs' motion shall be granted and the defendants' motion denied.

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