Contract Claim Survives In EquiTrust Fraud Class Suit

Law360, Los Angeles (July 02, 2012, 7:56 PM ET) -- A California judge on Monday rejected calls to trim a consumer class action accusing EquiTrust Life Insurance Co. of falsely marketing deferred annuities as having no sales fees, saying a breach of contract cause of action could move forward with fraud and unfair competition claims.

Los Angeles Superior Court Judge Anthony Mohr overruled EquiTrust's motion to dismiss the breach of contract claims, rejecting the insurer's argument that all of the purported breaches were either expressly permitted or related to terms not in the disputed contracts. The...
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