Overview
- The parties jointly notified Judge Matthew Orso that they have settled the case and asked to pause all deadlines while paperwork is finalized.
- Each side will bear its own legal fees and costs, according to the filing in the U.S. District Court for the Western District of North Carolina.
- No financial terms were disclosed, and the agreement resolves claims without a trial or court ruling on the merits.
- The lawsuit alleged mis‑selling of indexed universal life policies tied to a retirement plan, with agent Rodney Smith and Red River LLC also named as defendants.
- Pacific Life had sought dismissal, arguing the Busches acknowledged understanding the policies and that key claims were time‑barred under the statute of limitations.