Litigation and Alternative Dispute Resolution

Fiduciary Not Liable For Money Damages in Action to Recover Death Benefits: Stocks v. Life Insurance Company of North America

By: Mark S. Thomas and Robert W. Shaw
Williams Mullen (North Carolina and Virginia, USA)

A federal district court recently applied the U. S. Supreme Court’s decision in CIGNA Corp. v. Amara (2011), in a practical setting that illuminates both the range and the limits of the Supreme Court’s decision.

  In Stocks v. Life Insurance Company of North America, No. 11-C-00581 (E. D. Wis. March 8, 2012), the court dismissed a plan beneficiary’s attempt to recover money damages from a plan administrator whose alleged breach of fiduciary duty resulted in a failure to pay death benefits under a group life and accidental death and disability plan. Click here to read enitre article.

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