National Ass'n of Life Underwriters v. Clarke

MEMORANDUM OPINION AND ORDER

WALTER S. SMITH, Jr., District Judge.

The Plaintiffs seek declaratory and in-junctive relief from the Comptroller of the Currency’s approval of NCNB National Bank of North Carolina’s plan to sell annuities through a wholly owned subsidiary, NCNB Securities, Inc. The Defendants have moved to dismiss the Plaintiffs’ complaint on the grounds of lack of standing and improper venue and, alternatively, to transfer venue to the District of Columbia.

I. BACKGROUND

The National Association, of Life Underwriters (“NALU”) is a national trade association representing…