Court Orders Depositions of Knights of Columbus’s Supreme Knight, Carl Anderson, and Its Former Chief Insurance Officer, Thomas P. Smith, Jr. Regarding Litigation Now Underway by UKnight Interactive Charging Knights of Columbus with Intentionally Engaging in Wrongful Conduct to Impair UKnight’s Business
Among the business misconduct revealed by UKnight in its legal action are:
- Actuarial fraud by the
Knights of Columbus regarding the size and demographics of its membership, thereby misrepresenting to insurance carriers, credit rating agencies, and its own membership the sustainability of its membership and business model; - The
Knights of Columbus leadership causing its member councils to upstream millions of dollars in dues for non-existent members, millions of dollars which were actually raised by the councils to fund community charitable efforts, in order to inflate claims by the organization of a much larger and younger membership base/insurance risk pool; and - Through such improper activities, the leadership of the
Knights of Columbus engaging in a self-enrichment scheme.
UKnight stated in its brief before the Court: "
In its brief with respect to requesting the deposition of
UKnight points out in its brief that, while Smith was deposed in
UKnight further underscored in its brief: "UKnight has not yet received the full membership information that the Court ordered to be produced in its oral ruling of
"The senior executive leadership of the
Link to order:
http://uknightlitigation.com/UKnight/docs/[135]%20Order%20re%20Discovery%20Issues%208_1_18.pdf
Link to amended complaint:
http://www.uknightlitigation.com/UKnight/docs/Second%20Amended%20Complaint%20(REVISED).pdf?pdf=Doc25
Media Contact:
Robert Siegfried
212-521-4836
SOURCE UKnight Interactive
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