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.
053734P.pdf 10/20/2006 Donald S. Sofonia v. Principal Life Ins.
U.S. Court of Appeals Case No: 05-3734
Southern District of Iowa
[PUBLISHED] [Bowman, Author, with Loken, Chief Judge, and Bye,
Circuit Judge]
Civil case - Securities Litigation Uniform Standards Act of 1998.
Claims that defendants made false statements to induce plaintiffs to
approve the demutualization of an insurance company and to surrender
their membership interests in exchange for shares of common stock were
covered by the Act, and the district court did not err in refusing to
remand the matter to state court or in granting defendants' motion to
dismiss for failure to state a claim.