PNC ordered to pay $102M in 10-year-old funeral contract case

//PNC ordered to pay $102M in 10-year-old funeral contract case

PNC ordered to pay $102M in 10-year-old funeral contract case

A federal judge in Missouri has ordered PNC Bank to pay $102 million for a predecessor bank’s role in an alleged $600 million scam involving prepaid funeral contracts, Law360 has reported. The case, which been volleying through the courts for a decade, claimed that Allegiant Bank repeatedly violated its duties as trustee for National Prearranged Services. Allegiant had been a trustee for National Prearranged for six years until 2004. Then Allegiant was sold to National City Corp., which was acquired…

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By | 2019-07-08T11:06:36+00:00 July 8th, 2019|Economics|

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