Laidlaw Corporation v. New England Mutual Life Ins. Co.
When Laidlaw terminated a group annuity contract, New England Mutual imposed a 5% liquidation charge, a 13.5% "negative surplus charge", and a 4% "anti-selection charge." Pursued ERISA fiduciary and securities claims.
Laidlaw Corporation v. New England Mutual Life Ins. Co., United States District Court, Central District of Illinois, Peoria Division, Case No. 79-1158.
