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JACKSON NAT. LIFE INS. CO. v. WORKMAN SECURITIES

Civil No. 09-1024 (JRT FLN).

803 F.Supp.2d 1006 (2011)

JACKSON NATIONAL LIFE INSURANCE COMPANY, Plaintiff, v. WORKMAN SECURITIES CORPORATION, Defendant/Third-Party Plaintiff, v. Thomas M. Petracek, Intervenor/Third-Party Defendant.

United States District Court, D. Minnesota.

March 17, 2011.

Attorney(s) appearing for the Case

Shane H. Anderson, Mychal A. Bruggeman, and Timothy J. Grande, MacKall, Crounse & Moore, PLC, Minneapolis, MN, for plaintiff.

Benjamin R. Skjold, Christopher P. Parrington, and Ryan P. Meyers, Skjold Barthel, PA, Minneapolis, MN, for defendant/third-party plaintiff.

Chad A. Snyder, Snyder Gislason Frasier LLC, Minneapolis, MN; Thomas B. Caswell, III, Zelle Hofmann Voelbel & Mason LLP, Minneapolis, MN, for intervenor/third-party defendant.

MEMORANDUM OPINION AND ORDER

JOHN R. TUNHEIM, District Judge.

Gayle Sanderson bought a Perspective II Variable Annuity policy from plaintiff Jackson National Life Insurance Company ("Jackson") that had been marketed to her by intervenor Thomas Petracek. When the policy's value dropped below the purchase price, she sought a refund from Jackson, claiming that Petracek had represented to her that the value of the policy would never fall below the purchase price...

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