Hoffman

Hoffman v. Life Insurance Company of the Southwest

Good Law
United States District Court, Northern District of CaliforniaJuly 17, 20245:23-cv-04068California4,842 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 SCOTT HOFFMAN, et al., Case No. 23-cv-04068-PCP

Plaintiffs,

ORDER GRANTING IN PART

v. MOTION TO DISMISS AND

RESOLVING REQUESTS

LIFE INSURANCE COMPANY OF THE FOR JUDICIAL NOTICE

SOUTHWEST,

Re: Dkt. No. 37, 39, and 62 Defendant.

12 In this putative class action, eleven California public school teachers assert that defendant Life Insurance Company of the Southwest (LICS) charged them undisclosed fees for deferred indexed annuity plans in violation of the California Education Code and Unfair Competition Law. For the reasons that follow, LICS’s motion to dismiss the teachers’ claim is granted in part. I. Background The following allegations from the complaint are taken as true in resolving this motion. An annuity plan is a contract, typically with an insurance company. The customer pays a premium at the outset and in exchange the company promises regular payments for a set period of time. The…

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