RESS LIFE INVESTMENTS Sues Buyer of Life Portfolio Over $129M Earn-Out
The Danish fund has terminated the sale of its legacy life insurance portfolio and filed US court complaints alleging fraud and breach of contract.
Ress Life Investments A/S has terminated the agreement under which it was selling its legacy life insurance portfolio and has filed complaints in United States courts against the purchaser, alleging rescission, breach of contract, fraud and equitable relief to prevent asset transfers. The dispute touches an earn-out receivable valued at roughly USD 129 million on the company's balance sheet as of 30 June 2026.