Funds Not Caged by SEC Names Rule Amendments: Roaming Room Remains -
The SEC recently adopted amendments to its investment company “names” rule that apply to most SEC-registered funds, including underlying funds in which...more
1/11/2024
/ Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Insurance Industry ,
Investment Funds ,
Life Insurance ,
Proposed Rules ,
Putative Class Actions ,
Retirement Plan ,
Securities and Exchange Commission (SEC) ,
Securities Traders ,
Whistleblowers
The California Supreme Court recently handed Northwestern Mutual Life Insurance Co. a decisive victory in a putative class action challenging the insurer’s assessment of compound interest on policy loans, holding that...more
The End or the Beginning for Suits Over Disappointed Index Interest Expectations?
Security Benefit Life Insurance Co. and Guggenheim Partners recently secured an important victory in a class action challenging a fixed...more
10/14/2019
/ Annuities ,
Appeals ,
Dismissals ,
Financial Services Industry ,
Financial Transactions ,
Indexing ,
Insurance Regulations ,
Life Insurance ,
McCarran-Ferguson Act ,
Putative Class Actions ,
Racketeering ,
Regulatory Violations ,
Reverse Preemption ,
RICO ,
State Law Claims ,
Unjust Enrichment
The identity crisis appears to be over for one insurer using independent contractors. In Jammal v. American Family Insurance Co., the Sixth Circuit reversed the district court and held that a putative class of insurance...more
The Southern District of New York recently declined to certify a class in a suit relating to investments in certain closed-end mutual funds, holding that individual questions overwhelmed the class-wide questions in...more
12/21/2018
/ Breach of Contract ,
Broker-Dealer ,
Class Certification ,
Closed-End Funds ,
Financial Crisis ,
Financial Services Industry ,
FRCP 23 ,
Government Bonds ,
Investment Opportunities ,
Junk Bonds ,
Mutual Funds ,
Predominance Requirement ,
Puerto Rico ,
Putative Class Actions ,
Suitability Requirements ,
Typicality ,
UBS