In re Corporate or Business Owned Life Insurance

Scott has represented estates in individual cases and in class actions against employers to recover the proceeds from business-owned life insurance. Many large corporations secretly purchased this type of insurance on the lives of their employees and were paid benefits upon employee deaths.

Scott pursued these insurance benefits for the estates because the employers had no insurable interest in the lives of their employees. His cases against Wal-Mart have resulted in two class settlements.

In Texas he recovered over $10.3 million and in Oklahoma he recovered over $5 million – an amount equal to 100% of the insurance benefits that Wal-Mart received. In a case against Fina Oil and Chemical Co., Scott have recovered $4 million for the estates of Texas employees. Overall, Scott's clients hare received over $12.86 million net of fees and expenses. The expenses were paid out of the fees paid to the attorneys. In these cases, the attorneys' fees and expenes were $6.44 million.

DeLeon v. Lloyd’s London, Certain Underwriters, 259 F.3d 344 (5th Cir. 2001); Lewis v. Wal-Mart Stores, Inc., 232 F.R.D. 687 (N.D. Okla. 2005); Tillman v. Camelot Music, Inc., 408 F.3d 1300 (10th Cir. 2005); Mayo v. Hartford Life Ins. Co., 220 F. Supp. 2d 794 (S.D. Tex. 2002); Mayo v. Hartford Life Ins. Co., 220 F. Supp. 2d 714 (S.D. Tex. 2002), aff'd, 354 F.3d 400 (5th Cir. 2004); Tamez v. Certain Underwriters at Lloyd’s, London, 999 S.W.2d 12 (Tex. App.—Houston [14th Dist.] 1998, pet. denied); Stillwagoner v. Travelers Insurance Co., 979 S.W.2d 354 (Tex. App.—Tyler 1998, no pet.); Neal Payne v. Fina Oil and Chem. Co., No. E 170245, in the 172nd District Court, Jefferson County, Texas.

These cases have been publicized by the WALL STREET JOURNAL, U.S. NEWS AND WORLD REPORT and the HOUSTON CHRONICLE.