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SALOVAARA v. JACKSON NAT. LIFE INS. CO.

No. 99-5647.

246 F.3d 289 (2001)

Mikael SALOVAARA, individually and derivatively on behalf of South Street Leveraged Corporate Recovery Fund, L.P.; South Street Corporate Recovery Fund I.L.P.; SSP partners, L.P.; SSP Advisors, LP; SSP, Inc., Appellants, v. JACKSON NATIONAL LIFE INSURANCE COMPANY, a Company Organized Under the Laws of the State of Michigan; Lazard Freres & Co., a Limited Liability Corporation Organized Under the Laws of the State of New York.

United States Court of Appeals, Third Circuit.

Filed April 5, 2001.

Attorney(s) appearing for the Case

Joseph L. Buckley, (Argued), Sills, Cummis, Radin, Tischman, Epstein & Gross, Newark, NJ, Counsel for Appellants as to Jackson National Life Insurance issues.

Richard H. Epstein, (Argued), Sills, Cummis, Radin, Tischman, Epstein & Gross, Newark, NJ, Counsel for Appellants as to Lazard Freres & Co. issues.

Steven I. Cooper, John H. Doyle, III, (Argued), Anderson, Kill & Olick, New York, NY, Forrest B. Lammiman, Randall Hack, Lord, Bissell & Brook, Chicago, IL, Counsel for Appellee Jackson National Life.

Thomas G. Rafferty, (Argued), Cravath, Swaine & Moore, New York, NY, Counsel for Appellee Lazard Freres & Co.

Before SCIRICA, and NYGAARD, Circuit Judges, and POLLAK, District Judge.

OPINION OF THE COURT

PER CURIAM:

INTRODUCTION

Plaintiff-Appellant Mikael Salovaara appeals from the District Court's dismissal of the derivative action he brought on behalf of several entities, described in more detail below, against Defendant-Appellees Jackson National Life Insurance company and Lazard Freres & Co. As explained below, we will dismiss Salovaara's appeal with regard to Jackson because it is moot and will affirm the dismissal...

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