Legal Opinion
Freeman Investments, L.P. v. Pacific Life Insurance Company
Court of Appeals for the Ninth Circuit
Decided January 2, 2013No. 09-55513PublishedCited by 26 opinions
1Opinion of the Court
OPINION
KOZINSKI, Chief Judge:
The Securities Litigation Uniform Standards Act of 1998 (SLUSA) precludes state law class actions that allege misrepresentation or fraudulent omission in connection with the purchase or sale of covered securities. In this ease we answer the question on everyone’s lips: Does SLUSA displace class actions alleging breach of a variable universal life insurance contract?
I. BACKGROUND
Plaintiffs purchased variable universal life insurance policies from defendant Pa-cifie Life Insurance Company. Variable universal insurance differs in important ways from term life…
2Cases cited25 opinions
- Blue Chip Stamps v. Manor Drug StoresSupreme Court of the United States · 1975
- Parsons v. Bristol Development Co.California Supreme Court · 1965
- Carpenter v. United StatesSupreme Court of the United States · 1987
- Merrill Lynch, Pierce, Fenner & Smith Inc. v. DabitSupreme Court of the United States · 2006
- Securities & Exchange Commission v. ZandfordSupreme Court of the United States · 2002
20 more not listed; retrieve them via the Exa API.
3Cited by26 opinions
- Northstar Financial Advisors Inc. v. Schwab InvestmentsCourt of Appeals for the Ninth Circuit · 2015
- Russell Knowles v. TD Ameritrade Holding Corp.Court of Appeals for the Eighth Circuit · 2021
- William Hampton v. Pacific Investment ManagementCourt of Appeals for the Ninth Circuit · 2017
- Lindie Banks v. Northern Trust Corp.Court of Appeals for the Ninth Circuit · 2019
- Francis Fleming, Jr. v. the Charles Schwab Corp.Court of Appeals for the Ninth Circuit · 2017
21 more not listed; retrieve them via the Exa API.