Legal Opinion
Emerald Investments Ltd. Partnership v. Allmerica Financial Life Insurance & Annuity Co.
Court of Appeals for the Seventh Circuit
Decided February 20, 2008No. 07-1597, 07-1501PublishedCited by 12 opinions
1Opinion of the Court
POSNER, Circuit Judge.
Emerald, the plaintiff in this diversity suit (governed by Illinois law) for breach of contract, obtained a verdict and judgment for $1.1 million against the defendant, Allmerica. Allmerica contends that Emerald should not have been awarded any damages apart from the cost of a $150,000 surrender fee discussed later in this opinion. Emerald, cross-appealing, wants greater damages than the jury awarded; but on the view we take of the case, the cross-appeal is academic.
Allmerica sells variable annuities both directly to annuitants and to intermediaries who resell to…
2Cases cited15 opinions
- Kircher v. Putnam Funds TrustSupreme Court of the United States · 2006
- Teamsters Local 282 Pension Trust Fund v. Anthony G. AngelosCourt of Appeals for the Seventh Circuit · 1985
- William W. Bierce, Ltd. v. HutchinsSupreme Court of the United States · 1907
- United States v. Donald D. Dial and Horace G. SalmonCourt of Appeals for the Seventh Circuit · 1985
- Evra Corp. v. Swiss Bank Corp.Court of Appeals for the Seventh Circuit · 1982
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3Cited by12 opinions
- Daniel Avila v. CitiMortgage, IncorporatedCourt of Appeals for the Seventh Circuit · 2015
- Evergreen Square of Cudahy v. Wisconsin Housing & Economic Development AuthorityCourt of Appeals for the Seventh Circuit · 2017
- United States v. MooreCourt of Appeals for the Seventh Circuit · 2008
- PML Development LLC v. Village of Hawthorn WoodsIllinois Supreme Court · 2023
- Schreiber Foods, Inc. v. LEI WANGCourt of Appeals for the Seventh Circuit · 2011
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