Continental Service Life & Health Insurance v. A.G. Edwards & Sons, Inc.

POLOZOLA, District Judge.

Continental Service Life & Health Insurance Company (“Continental”) was, until its liquidation in 1985, a Louisiana insurance company which sold health and life insurance. Continental filed this action against A.G. Edwards & Sons, Inc. (“AGE”) alleging violations of the Racketeer Influenced and Corrupt Organizations Act of 1970 (“RICO”), 18 U.S.C. § 1961 et seq, the Securities Act of 1933, 15 U.S.C. § 77q, and 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b). Plaintiff further alleges breach of fiduciary duty and negligence under Louisiana law.

This…