Court Rejects Insurance Company's Argument That It Is Not Liable for High Risk Private Investments That Went Bankrupt

Court Rejects Insurance Company’s Argument That It Is Not Liable for High Risk Private Investments That Went Bankrupt

June 30, 2025 – Orange County, CA. An Orange County Superior Court judge delivered a stinging rebuke to Guaranty Income Life Insurance Company (GILICO), denying their summary judgment motion and calling their legal arguments "contradictory" and "not credible" in a case involving elderly investors who lost substantial retirement savings.

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