Dix v. American Bankers Life Assurance Co.

The named plaintiffs are thirty-nine school employees who purchased tax-shelter annuity policies from defendant American Bankers Life Assurance Company of Florida. The individual defendants, Richard Pawlowski, Danny G. DeWolf, and John D. Martin Sloan, are three of the agents through whom the annuities were secured. 1

The plaintiffs commenced this action, alleging common-law fraud and deceit, breach of fiduciary duty, and violation of the Michigan Consumer Protection Act. 2 They claimed that the defendants made material misrepresentations and omissions to persuade them to purchase the annuity…