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Sixth Circuit Upholds Disgorgement of $3.8 Million in Company Profits Earned on Plaintiff's Denied Disability Benefit (PDF)
U.S. Court of Appeals for the Sixth Circuit
Dec. 8, 2013 "[T]he district court did not abuse its discretion when it found that [the Life Insurance Company of North America (LINA)] held [former president Daniel] Rochow's wrongfully withheld money in its general account where it could be used for any business purpose, as opposed to a segregated investment account.... Second, the district court did not abuse its discretion by selecting [return on equity (ROE)] as the metric for calculating a reasonable approximation of LINA's profits. While there is a dearth of case law expressly applying the ROE metric to determine unjust enrichment, selecting ROE as a basis for calculating LINA's profits does not violate any clearly established principle of law or equity." [Rochow v. LINA, No. 12-2074 (6th Cir. Dec. 6, 2013)] MORE >> |
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