DISCLAIMER: The following unofficial case summaries are prepared by the clerk's office
as a courtesy to the reader. They are not part of the opinion of the court.
013287P.pdf 09/09/2002 Reliastar Life Ins. v. IOA Re, Inc.
U.S. Court of Appeals Case No: 01-3287
District of Minnesota
Civil case - contracts. District court did not err in concluding
defendant reinsurers had failed, as a matter of law, put forth
sufficient evidence to support their claim that they had the
right to rescind their reinsurance contracts with plaintiff based
on its alleged material misrepresentations; parties did not
contract to preempt application of the industry's
follow-the-fortunes doctrine; defendants failed to show
plaintiff acted in bad faith under the doctrine; case remanded
for further proceedings regarding calculation of damages.