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CHICAGO BD. OPTIONS EXCH. v. CONN. GEN. LIFE INS.

No. 82-2967.

713 F.2d 254 (1983)

CHICAGO BOARD OPTIONS EXCHANGE, INC., Contractholder, and Donald R. James, Charles J. Henry, and William J. Young, Trustees of and Participants in the Chicago Board Options Exchange, Inc. Retirement Income Plan, Plaintiffs-Appellants, v. CONNECTICUT GENERAL LIFE INSURANCE COMPANY, A Connecticut Corporation, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided July 11, 1983.

Attorney(s) appearing for the Case

Robert W. Gettleman, Lawrence J. Moss, D'Ancona & Pflaum, Chicago, Ill., for plaintiffs-appellants.

James T. Otis, Keck, Mahin & Cate, Chicago, Ill., for defendant-appellee.

Before CUMMINGS, Chief Judge, PELL, Circuit Judge, and BROWN, Senior Circuit Judge.

PELL, Circuit Judge.

Plaintiffs appeal the dismissal of their three count complaint against defendant Connecticut General Life Insurance Company (Connecticut General). The dispute has its genesis in Connecticut General's unilateral amendment of an annuity contract it entered into with Chicago Board Options Exchange, Inc. (CBOE). The contract was designed to fund retirement benefits provided by CBOE under its Retirement Income Plan. CBOE objected to the amendment and...

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