Phillip Wasserman and Phillip Roy Financial Services File Malicious Prosecution Lawsuit Against Attorney John Hargrove
2007 - 11 - 21
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Indemnity is a legal exemption from the penalties or liabilities incurred by any course of action. For example, after wars, the losers have sometimes been required to pay indemnities. An insurance payout is often called an indemnity, or it can be insurance to avoid paying expenses in case of a lawsuit.
Indemnification is a promise, usually as a contract provision, protecting one party from financial loss. This is sometimes stated as a requirement that one party "to hold harmless" the other. Indemnification is a type of insurance, which protects one party at the expense of the other. Indemnification can either by direct payment or reimbursement for the loss. Indemnification clauses cannot usually be enforced for intentional tortious conduct of the protected party.
Phillip Wasserman and Phillip Roy Financial Services, one of the nation's leading sellers of annuities and life insurance, have filed suit against Ft. Lauderdale based attorney John Hargrove and the firm of Gordon, Hargrove and James alleging malicious prosecution and other claims for relief. Phillip Wasserman and Phillip Roy Financial Services allege that Hargrove and his firm engaged in a scheme to defraud the courts by alleging that multi-millionaire retirees are not of sound mind to purchase annuities but yet are of sound mind to contract with them as attorneys. Wasserman and his firm also allege that Hargrove and his firm have filed dozens of similar cases in Florida courts as part of an overall scheme of coercion and have misrepresented their clients' mental health in order to recover attorney's fees. [PRWEB Nov 20, 2007]
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Less than a year after the launch of MoneyBuddy.com.au, Australia’s fastest growing personal finance information and comparison site, Yield Media has expanded its portfolio. The Buddy network of sites has gone live with the addition of a broadband information site, an investment information site and insurance information site. (PRWeb Nov 20, 2007)
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