Legal Opinion
Texas Life, Accident, Health & Hospital Service Insurance Guaranty Ass'n v. Gaylord Entertainment Co.
Court of Appeals for the Fifth Circuit
Decided January 27, 1997No. 95-50860PublishedCited by 21 opinions
1Opinion of the Court
DeMOSS, Circuit Judge:
A state insurance guaranty association brought suit against ERISA 1 plan administrators for breach of fiduciary duty, alleging that the plan administrators imprudently bought investments from a failing insurance company. We hold that a guaranty association which receives a valid assignment of an ERISA fiduciary breach claim from a plan administrator can have derivative standing to bring the action. However, we also hold that ERISA preempts a state statute purporting to assign such claims by operation of law and, instead, apply federal common law to determine the validity…
2Cases cited15 opinions
- Shaw v. Delta Air Lines, Inc.Supreme Court of the United States · 1983
- Pilot Life Insurance v. DedeauxSupreme Court of the United States · 1987
- Ingersoll-Rand Co. v. McClendonSupreme Court of the United States · 1990
- Metropolitan Life Insurance v. MassachusettsSupreme Court of the United States · 1985
- New York State Conference of Blue Cross & Blue Shield Plans v. Travelers InsuranceSupreme Court of the United States · 1995
10 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Innova Hospital San Antonio, L.P. v. Blue Cross & Blue Shield of Georgia, Inc.District Court, N.D. Texas · 2014
- David A. Morlan v. Universal Guaranty Life Insurance CompanyCourt of Appeals for the Seventh Circuit · 2002
- Plumb v. Fluid Pump Service, Inc.Court of Appeals for the Seventh Circuit · 1997
- In re Wellpoint, Inc. Out-of-Network "UCR" Rates LitigationDistrict Court, C.D. California · 2012
- Flynn v. Veazey Construction Corp.District Court, District of Columbia · 2004
16 more not listed; retrieve them via the Exa API.