First Allmerica Financial Life Insurance v. Minnesota Life Insurance

MEMORANDUM AND ORDER

GORTON, District Judge.

This case arises out of a dispute about the purchase price of an asset acquisition. The parties are stock life insurance companies who entered into an agreement whereby the defendant, Minnesota Life Insurance Company (“Minnesota Life”), purchased from the plaintiff, First Allmerica Financial Life Insurance Company (“First Allmerica”), certain contribution retirement plan contracts, including group annuity contracts (“the Contracts”). Pending before this Court is the defendant’s motion to dismiss or to-stay and compel arbitration.

I. Background

Over the…