Current Status of Case:
The First Circuit Court of Appeals has ordered that judgment be entered in favor of Unum. As a result, Unum will not be required to make any additional payments to class members beyond what is required by their life insurance policies. The Named Plaintiffs and their attorneys may decide within 90 days whether to seek permission to appeal this decision. Otherwise, it will be final.
On September 11, 2013, after a 4-day trial and follow-up briefing and argument, Judge Torresen issued an order awarding Plaintiffs some, but not all, of the relief they requested.
On September 12, 2013, Unum filed a notice of appeal.
On September 20, 2013, Plaintiffs filed a notice of cross-appeal.
Both sides submitted briefs and the First Circuit Court of Appeals heard oral argument on May 5, 2014.
On July 2, 2014, the First Circuit Court of Appeals ruled that Unum's use of RAAs in the circumstances of this case did not constitute self-dealing in plan assets and did not breach any duty of loyalty owed by Unum to the plaintiff class.
information contained here is only a summary.
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documents regarding the litigation are available on the Court Documents page of this website.