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IMB v. VARIABLE ANNUITY LIFE INS.

No. 13-1193.

766 S.E.2d 416 (2014)

The WEST VIRGINIA INVESTMENT MANAGEMENT BOARD, a public body corporate, and The West Virginia Consolidated Public Retirement Board, a public agency, Plaintiffs Below, Petitioners, v. The VARIABLE ANNUITY LIFE INSURANCE COMPANY, a Texas corporation, Defendant Below, Respondent.

Supreme Court of Appeals of West Virginia.

Decided November 14, 2014.

Attorney(s) appearing for the Case

Gerard R. Stowers, Esq. , Special Assistant Attorney General, J. Mark Adkins, Esq. , Lenna R. Chambers, Esq. , Bowles Rice LLP, Anthony J. Majestro, Esq. , Powell & Majestro, PLLC, Charleston, WV, for Petitioners.

Jeffrey G. Blaydes, Esq. , Carbone & Blaydes P.L.L.C., Charleston, WV, Amicus Curiae-American Federation of Teachers-West Virginia, AFL-CIO.

John Everett Roush, Esq. , Charleston, WV, Amicus Curiae-The West Virginia, School Service Personnel Association.

James M. Haviland, Esq. , Charleston, WV, Amicus Curiae-West Virginia, Education Association.

Thomas J. Hurney, Jr., Esq. , Michael M. Fisher, Esq. , Erin R. Stankewicz, Esq. , Patricia M. Bello, Esq. , Jackson Kelly PLLC, Charleston, WV, Daniel McNeel Lane, Jr. , Pro Hac Vice, Akin Gump Strauss Hauer & Feld LLP, San Antonio, TX, Ashley B. Vinson , Pro Hac Vice, Danielle Crockett , Pro Hac Vice, Akin Gump Strauss Hauer & Feld LLP, San Francisco, CA, for Respondent.

The petitioners, the West Virginia Investment Management Board ("IMB") and the West Virginia Consolidated Public Retirement Board ("Board"), appeal from two orders1 entered by the Circuit Court of Kanawha County that separately grant summary judgment to the respondent, The Variable Annuity Life Insurance...

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