Potter Stewart U.S. Courthouse in Cincinnati, Ohio, which houses the U.S. District Court for the Southern District of Ohio and the U.S. Court of Appeals for the Sixth Circuit. (Photo: Wikipedia)
A federal appeals court has affirmed an Ohio judge’s dismissal of a putative class action against Ohio National Insurance over the company’s decision to stop paying certain kinds of commissions on variable annuities.
The Tuesday opinion agreed that the named plaintiff, a representative for a broker-dealer who sold the annuities, was not a party to the contract between Ohio National and the brokerage firm, and thus had no standing to sue.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
