Two-time NASCAR champion Kyle Busch and a life insurance company have settled an $8.5 million lawsuit in which the driver said he was misled into purchasing policies marketed as safe retirement plans.
Kyle and Samantha Busch reached an out-of-court settlement with Pacific Life Insurance Company, according to a Feb. 26 court filing. Terms were confidential.
“Both sides worked constructively to achieve a confidential result that is mutually acceptable and avoids further legal proceedings,” Pacific Life said in a statement.
— Associated Press —
See previous: Pacific Life Insurance responds to Busch’s lawsuit and see the original report about Busch’s lawsuit here.