United States Sixth Circuit
Demings v. Nationwide Life Ins. Co., 08-4476
In plaintiff's class-action lawsuit, individually and in his official capacity as a sheriff, on behalf of all public employers who sponsor deferred compensation plans, claiming breach of fiduciary duty and unjust enrichment by defendant-insurance company, district court's dismissal of the action is affirmed as the proposed class action does not fit within the narrow state-actions exception to the Securities Litigation Uniform Standards Act of 1998 because it is not brought on behalf of named plaintiffs who have authorized participation in the action.
Appellate Information
- Decided 02/03/2010
- Published 02/03/2010
Judges
Court
- United States Sixth Circuit