U.S. Court of Appeals for the 9th Circuit
Jan. 4, 2013
9th Circuit revives policyholders' claim against life insurance company
A California life insurance company accused of gouging policyholders cannot duck behind the shield of federal securities law to fend off a class action, a 9th U.S. Circuit Court of Appeals panel held Wednesday.
Daily Journal Staff Writer
A California life insurance company accused of gouging policyholders cannot duck behind the shield of federal securities law to fend off a class action, a 9th U.S. Circuit Court of Appeals panel held Wednesday.
The decision revives a case involving tens of thousands of plaintiffs, their lawyers said. It limits the reach of the federal Securities Litigation Uniform Standards Act of 1998.
That ...
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