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SAOUD v. EVEREST INDEM. INS. CO.

Case No. 19-12389.

564 F.Supp.3d 597 (2021)

William SAOUD, Patricia Boland-Saoud, and Bill Saoud Financial, LLC, Plaintiffs/Counter-Defendants, v. EVEREST INDEMNITY INSURANCE COMPANY, Defendant/Counter-Claimant.

United States District Court, E.D. Michigan, Southern Division.

Signed September 29, 2021.

Attorney(s) appearing for the Case

Douglas Young, Young Insurance Law, Royal Oak, MI, for Plaintiffs/Counter-Defendants.

Stephen P. Brown, Plunkett & Cooney, Bloomfield Hills, MI, for Defendant/Counter-Claimant.

OPINION AND ORDER GRANTING DEFENDANT'S MOTION FOR SUMMARY JUDGMENT [22] AND DENYING PLAINTIFFS' MOTION FOR SUMMARY JUDGMENT [21]

In 2017 and 2018, William Saoud, who runs Bill Saoud Financial, LLC, offered some of his clients an investment product called the "1 Global Memorandum of Indebtedness...

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