Corrado v. Life Investors Insurance Co. of America

SHEPHERD, Circuit Judge.

In this most recent installment of the litigious history of the Life Investors Owners Participation Trust, Charleen Corrado and Federal City Region, Inc. (“FCR”) brought suit against a number of defendants associated with the Trust, alleging breaches of fiduciary duties and conversion. The district court 1 granted summary judgment to the defendants, and Corrado and FCR appeal. We affirm.

I. Background

As recounted in our previous opinion, John Corrado and FCR 2 became associated with Life Investors Insurance Company of America (“Life Investors”) in 1977. 3 Corrado sold…