Robert L. Moore and Jeannette S. Parry v. Painewebber, Inc.

U.S. Court of Appeals, Second Circuit · Decided 1999-08-20

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CALABRESI, Circuit Judge: The plaintiffs, Robert L. Moore and Jeannette S. Parry, claim that PaineWebber, Inc., the defendant, disguised a life insurance policy as an investment package similar to an Individual Retirement Account (“IRA”), thereby tricking them into buying life insurance with funds that they would otherwise have used for IRAs or similar investments. Moore and Parry brought suit under the Racketeer Influenced an…

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