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PACIFIC LIFE INS. CO. v. SPURGEON

No. SACV0400060JVSMLGX.

319 F.Supp.2d 1108 (2004)

PACIFIC LIFE INSURANCE COMPANY, Plaintiff, v. *Terry SPURGEON, et al., Defendants.

United States District Court, C.D. California.

May 6, 2004.

Attorney(s) appearing for the Case

David L. Bacon, John L. Viola, Thelen Reid & Priest, Los Angeles, CA, Frances S. Cohen, Kathleen N. Massey, Steven B. Feirson, Dechert, New York, NY, for Plaintiff.

Amelia F. Burroughs, John J. Stoia Jr., Susan Collyer, Timothy G. Blood, Lerach Coughlin Stoia & Robbins, San Diego, CA, Andrew S. Freidman, Frances J. Balint Jr., Bonnett Fairbourn Freidman & Balint, Phoenix, AZ, William J. Doyle II, Milberg Weiss Bershad Hynes & Lerach, San Diego, CA, for Defendant.

MEMORANDUM OF DECISION

SELNA, District Judge.

On December 10, 2003, Illinois resident Terry Spurgeon ("Spurgeon") filed suit against Pacific Life Insurance Company ("Pacific Life") in Illinois state court asserting claims for common law negligence, gross negligence, bad faith, and breach of fiduciary duty arising out of the manner in which Pacific Life allowed market timers to trade in mutual funds offered under Pacific Life's variable annuity product. On...

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