{"id":19948,"date":"2021-09-08T08:58:22","date_gmt":"2021-09-08T13:58:22","guid":{"rendered":"https:\/\/www.investorlawyers.com\/blog\/?p=19948"},"modified":"2022-03-04T13:29:20","modified_gmt":"2022-03-04T19:29:20","slug":"greg-lindberg-sued-for-524m","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/greg-lindberg-sued-for-524m\/","title":{"rendered":"Northstar Financial Services (Bermuda) Owner Greg Lindberg Sued by Puerto Rican Insurer for $524M"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Civil Lawsuit is Latest Legal Trouble For Convicted Businessman, Greg Lindberg<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Greg Lindberg, the owner of Northstar Financial Services (Bermuda), is the defendant in a lawsuit in which the plaintiff is demanding that he pay $524M to honor an agreement between two insurers. These insurers are PB Life and Annuity Company and Universal\u00a0 Life Insurance Company (ULICO), which is a Puerto Rico entity.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is the latest legal woe to hit Lindberg, who is <a href=\"https:\/\/www.wsj.com\/articles\/insurance-executive-ordered-to-prison-on-seven-year-sentence-11602186498\">serving time in prison<\/a> for wire fraud, bribery, and conspiracy to commit honest services fraud. The Durham, North Carolina resident is the founder of Eli Global, LLC and Global Bankers Insurance Group, which acquired:<\/span><\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/greg-lindberg-sued-for-524m\/\"  title=\"Continue Reading Northstar Financial Services (Bermuda) Owner Greg Lindberg Sued by Puerto Rican Insurer for $524M\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Civil Lawsuit is Latest Legal Trouble For Convicted Businessman, Greg Lindberg Greg Lindberg, the owner of Northstar Financial Services (Bermuda), is the defendant in a lawsuit in which the plaintiff is demanding that he pay $524M to honor an agreement between two insurers. These insurers are PB Life and Annuity Company and Universal\u00a0 Life Insurance [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19949,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4530],"tags":[4610,4531],"class_list":["post-19948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-northstar-financial-services","tag-greg-lindberg","tag-northstar-financial-services-bermuda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Greg Lindberg Sued by Puerto Rican Insurer for $524M | Investor Lawyers<\/title>\n<meta name=\"description\" content=\"In Greg Lindberg\u2019s latest lawsuit, the Northstar Financial Services (Bermuda) owner is facing a $524M lawsuit from a Puerto Rican insurer.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/greg-lindberg-sued-for-524m\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Greg Lindberg Sued by Puerto Rican Insurer for $524M | Investor Lawyers\" \/>\n<meta name=\"twitter:description\" content=\"In Greg Lindberg\u2019s latest lawsuit, the Northstar Financial Services (Bermuda) owner is facing a $524M lawsuit from a Puerto Rican insurer.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.investorlawyers.com\/blog\/wp-content\/uploads\/2021\/09\/misrepresentations-and-omissions.jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; 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