Pasant v. Jackson National Life Insurance

BENAVIDES, Circuit Judge:

Plaintiff-Appellant James Pasant (“J. Pa-sant”) appeals the district court’s judgment granting Defendant-Appellee Jackson National Life Insurance Company’s (“JNL”) motion for summary judgment and denying J. Pasant’s cross motion for summary judgment. We reverse in part and affirm in part.

FACTS AND PROCEDURAL HISTORY

JNL was founded in 1961 by J. Pasant’s father, Anthanese J. Pasant (“A.J. Pasant”), and in subsequent years A.J. Pasant hired his three sons, including J. Pasant, to work in the family controlled business. By 1986, JNL was a publicly traded company, with…