United States Eighth Circuit

Denial of a motion to remand and dismissal of claims for fraud, breach of fiduciary duty, and unjust enrichment against defendants in connection with the demutualization of Principal Life Insurance Company are affirmed where the action was subject to removal and dismissal under the Securities Litigation Uniform Standards Act (SLUSA), and the McCarran-Ferguson Act did not preclude application of SLUSA.

Appellate Information

• Decided 10/20/2006
• Published 10/20/2006

Judges

• BOWMAN, Circuit Judge., Before LOKEN, Chief Judge, BOWMAN and BYE, Circuit Judges.

Court

• United States Eighth Circuit

Counsel

• For Appellant:
  
• Robert W. Bishop, Bishop & Associates, Louisville, KY, David J. Darrell, E. Ralph Walker, The Walker Law Firm, Baudino Law Group, Harley Christopher Erbe, Erbe Law Firm, Des Moines, IA, Edward W. Cochran, Cochran & Cochran, Shaker Heights, OH, for Appellant.


• For Appellees:
  
• Joseph P. Moodhe, Carl Micarelli, Debevoise & Plimpton, New York, NY, Brian L. Campbell, Faegre & Benson, Des Moines, IA, for Appellees.