Nolte v. Cigna Corp.

Case Highlights

Status of the Case:

  • Motion for Class Certification is pending a decision. Cigna’s Motion for Partial Summary Judgment is pending. Prudential’s Motion for Judgment on the Pleadings stayed until trial. Discovery has commenced.
  • On June 21, 2013, the parties filed a motion to settle the case.
  • On October 15, 2013, the settlement was approved by the Court and the case closed.

Issues:

  • Excessive Fees
  • Imprudent Investments
  • Proprietary Investments
  • Self-Dealing

Posts:

Key Defendants:

  • Cigna Corp.
  • Prudential Retirement Insurance And Annuity Company

Significant Filings:

Commentary:

Background

Court(s):

  • Central District of Illinois
    • Case No. 07-2046

Judge(s):

  • District Judge Harold A. Baker

Defendants:

  • Cigna Corporation
  • Connecticut General Life Insurance Company
  • The Corporate Benefit Plan Committee of Cigna
  • Timessquare Capital Management, Inc.
  • Cigna Investments, Inc.
  • Prudential Retirement Insurance And Annuity Company
  • John Arko

Attorneys – Plaintiffs:

  • Schlichter Bogard & Denton, LLP

Attorneys – Defendants:

  • Dentons US, LLP
  • Morgan Lewis & Bockius, LLP
  • O’Melveny & Myers, LLP

 

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