McCaffree Financial Corp. v. Principal Life Insurace Co.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• analyzing (1) “adherence to” contract terms “clearly identified” and (2) “contract empowered [plan sponsor] to reject” service provider’s act
• analyzing (1) “adherence to” contract terms “clearly identified” and (2) “contract empowered [plan sponsor] to reject” service provider’s act
• collecting cases recognizing that \service provider's adherence to its agreement with a plan administrator does not implicate any fiduciary duty where the parties negotiated and agreed to the terms of that agreement in an arm's-length bargaining process\
• finding no fiduciary status in a case alleging excessive fees because “the contract between [the parties] clearly identified each separate account’s management fee and authorized [defendant] to pass through additional operating expenses to participants in these accounts.”
• finding no fiduciary status in a case alleging excessive fees because “the contract between [the parties] clearly identified each separate account’s management fee and authorized [defendant] to pass through additional operating expenses to participants in these accounts.”
• “Principal owed no duty to plan participants during its arm’s-length negotiations with” the annuity provider company

Source: CourtListener parenthetical corpus (CC0).