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In the latest twist in the macabre practice of employers taking out insurance policies on employees in order to collect when they die (see WIT for June 18, 2000), Wal-Mart is simultaneously facing a lawsuit by the wife of deceased assistant store manager covered by such a policy, and suing the insurance companies that it bought such policies from. Stemming from a $300,000 corporate-owned life insurance (COLI) policy on a now deceased assistant store manager, the lawsuit by the worker’s wife is the second COLI related lawsuit against the company, and has the potential to become a class action suit---carrying major implications for Wal-Mart, Disney, AT&T and other COLI holders. Claiming that it has lost $150 million on COLI’s, Wal-Mart is suing the insurance companies that it bought COLI’s from, alleging that the companies are to blame for its failure to make a tax-sheltered profit on the policies, because they did not warn Wal-Mart that state laws might prevent them from collecting on the policies when employees died.