A federal court judge has dismissed a $45 million suit filed over stranger-owned life insurance policies, where a man alleged that his father’s life policies involved a scheme.

The suit over the STOLI policies, filed in federal court in Manhattan, N.Y., named trustee Wells Fargo Bank, service provider Lancier Group and trust preparation firm Alston & Bird as defendants.

They were accused of using a trust, established on behalf of the man who obtained the $45 million in life policies in 2005, to pay unwarranted commissions and fees, according to a report at the AM Law Litigation Daily website.

Judge Barbara Jones dismissed the suit, filed by the policyholder’s son, because he did not have standing, even though he was both a beneficiary and trustee to his father’s life insurance trust, the report said.

The father, who obtained the policies through XE-R New York, an intermediary, obtained a loan to pay the premiums and established the trust, which the son said paid the defendants’ commissions and fees to which they were not entitled, according to the report.

Lawyers for the plaintiff told the website they plan to re-file the case with a new trustee.