SUN LIFE ASSUR. CO. OF CANADA v. U.S. BANK NAT.

No. 16-1049.

839 F.3d 654 (2016)

SUN LIFE ASSURANCE CO. OF CANADA, Defendant-Appellant, v. U.S. BANK NATIONAL ASSOCIATION, as Securities Intermediary, Plaintiff-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided October 12, 2016.


Attorney(s) appearing for the Case

Eric John Wilson , Mark Warren Hancock , Attorneys, Godfrey & Kahn S.C., Madison, WI, John Failla , Mark David Harris , Nathan Lander, Attorneys, Proskauer Rose LLP, New York, NY, for Plaintiff-Appellee.

John Michael Bloor , Dorothy Alicia Hickok , Jason P. Gosselin , John Michael Moore , Attorneys, Drinker Biddle & Reath, LLP, Philadelphia, PA, Terri Lynn Ahrens , Attorney, Drinker Biddle & Reath, LLP, Chicago, IL, for Defendant-Appellant.

Before BAUER, POSNER, and EASTERBROOK, Circuit Judges.


A common law principle that so far as we know is in force in every state of the United States forbids a person to own an insurance policy that insures someone else's life unless the policy owner has an insurable interest in that life. Ohio National Life Assurance Corp. v. Davis...

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