Sweeney v. Keystone Provident Life Insurance
District Court, D. Massachusetts
1Opinion of the Court
MEMORANDUM OF DECISION
ZOBEL, District Judge.
This is a class action brought by plaintiff Jerome V. Sweeney, II as representative of a class of 925 persons who purchased variable annuities from defendant Keystone Provident Life Insurance Company. The annuities, known as “Keystone 100s,” were sold pursuant to a prospectus dated April 9, 1981. Plaintiff claims that the prospectus contains misleading statements and material omissions in discussing the tax implications of the annuities and the likely position of the Internal Revenue Service on their tax-deferred status based on past revenue…
2Cases cited16 opinions
- Foman v. DavisSupreme Court of the United States · 1962
- Middlesex County Sewerage Authority v. National Sea Clammers Assn.Supreme Court of the United States · 1981
- Deckert v. Independence Shares Corp.Supreme Court of the United States · 1940
- United States v. HoughamSupreme Court of the United States · 1960
- Dodd v. Commercial Union InsuranceMassachusetts Supreme Judicial Court · 1977
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