163949P.pdf   01/02/2018  Charleen Corrado  v.  Life Investors Insurance Co.
   U.S. Court of Appeals Case No:  16-3949
   U.S. District Court for the Northern District of Iowa - Cedar Rapids   
   [PUBLISHED] [Shepherd, Author, with Wollman and Beam, Circuit Judges] 
   Civil case. For the court's prior opinions in this suit over management of 
   a trust, see Life Inv'rs Ins. Co. of Am. v. Fed. City Region, Inc., 687 
   F.3d 1117 (8th Cir. 2012) and Life Inv'rs Ins. Co. of Am. v. Corrado, 804 
   F.3d 908 (8th Cir. 2015). In this action, plaintiffs challenged the 
   trust's decision to enforce a provision of the trust agreement and deduct 
   the costs of defense of certain Maryland litigation from the plaintiffs' 
   Trust accounts as breaches of fiduciary duty and conversion. The district 
   court did not err in determining the trust provision applied and permitted 
   the trustees to charge the legal fees to the accounts of participants; nor 
   did the court err in finding the trustees incurred reimbursable costs in 
   connection with the litigation; no other provision of the trust prevented 
   the recovery; claims of breach of fiduciary duty rejected; there was no 
   material dispute as to the reasonableness of the attorneys' fees 
   associated with defense of the litigation; claim for conversion rejected.