Steven Draeger v. Transamerica Life Insurance Company

I. INTRODUCTION

Plaintiffs Steven and Dara Draeger filed this action against defendant Transamerica Life Insurance Company (“Transamerica”) on July 19, 2019, challenging Transamerica’s Monthly Deduction Rate (““MDR”) increases. Dkt. 1. On March 23, 2020, the Court granted in part and denied in part Transamerica’s motion to dismiss plaintiffs’ first amended complaint. Dkt. 38. Plaintiffs thereafter filed the operative second amended complaint on March 25, 2020. Dkt. 32 (“SAC”). The SAC asserts claims for: (1) breach of contract; (2) breach of the implied covenant of good faith and fair dealing: (3) intentional misrepresentation and concealment; (4) negligent misrepresentation; and (5) violation of California’s Unfair Competition Law, Cal. Bus. & Prof. Code § 17200, et seg. (“UCL”). On May 18, 2020, the Court granted Transamerica’s motion to dismiss plaintiffs’ claim for breach of the implied covenant of good faith and fair dealing. Dkt. 38 at 10. On December 1, 2020, Transamerica moved to dismiss plaintiffs’ SAC for lack of subject matter jurisdiction pursuant to Federal Rule of Civil Procedure 12(b)(1) (“Rule

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