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HOWERTON v. PRUDENTIAL INS. CO. OF AMERICA

Docket No. 1-11-0154.

979 N.E.2d 944 (2012)

2012 IL App (1st) 110154

366 Ill. Dec. 143

Anna HOWERTON, Floyd R. Burns, and Catherine Kunicki a/k/a Bonvich, Individually and on Behalf of All Other Individuals and/or Entities Similarly Situated, Plaintiffs-Appellants, v. PRUDENTIAL INSURANCE COMPANY OF AMERICA, a New Jersey Corporation; Arthur F. Ryan, Chairman and Chief Executive Officer; Franklin E. Agnew, Frederic K. Becker, Gilbert F. Casellas, James G. Cullen, Carolyne K. Davis, Roger A. Enrico, Allan D. Gilmour, William H. Gray, III, Jon F. Hanson, Glen H. Hiner, Constance J. Horner, Gaynor N. Kelley, Burton G. Malkiel, Ida F.S. Schmertz, Charles R. Sitter, Donald L. Staheli, Richard M. Thomson, James A. Unruh, P. Roy Vagelos, Stanley C. Van Ness, Paul A. Volcker, and Joseph H. Williams, Defendants-Appellees.

Appellate Court of Illinois, First District, First Division.

October 22, 2012.

Attorney(s) appearing for the Case

Robert A. Holstein and Springer, Casey & Dienstag, P.C., both Chicago, for appellants.

Novack & Macey, LLP, of Chicago ( Stephen Novack , Donald A. Tarkington , and Andrew P. Shelby , of counsel), and Debevoise & Plimpton, LLP, of New York, New York ( Edwin G. Schallert and Olga Kaplan , of counsel), for appellees.

OPINION

Justice CUNNINGHAM delivered the judgment of the court, with opinion.

¶ 1 On this direct appeal, plaintiffs claim that the trial court erred when it dismissed plaintiffs' complaint with prejudice on the following grounds: (1) as being filed in an improper forum; (2) for failing to join an indispensable party, the New Jersey Insurance Commissioner (Commissioner); and (3) for failure to state a cause of action for breach of fiduciary duty because...

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