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DIX v. AM. BANKERS LIFE ASSUR. CO.

Docket No. 76382, (Calendar No. 16).

429 Mich. 410 (1987)

415 N.W.2d 206

DIX v. AMERICAN BANKERS LIFE ASSURANCE COMPANY OF FLORIDA

Supreme Court of Michigan.

Decided November 13, 1987.

Attorney(s) appearing for the Case

Hiller, Larky & Hoekenga, P.C. (by James A. Hiller and Gregory J. Bator), for the plaintiffs.

Miller, Canfield, Paddock & Stone (by John D. Pirich, P.C. and Kirk D. Messmer) for defendant American Bankers Life Assurance Company of Florida.

LaBarge, Dinning & Greve, P.C. (by Ronald H. Greve), for defendants Pawlowski and DeWolf.

Reid, Reid, Perry, Lasky, Hollander & Chalmers, P.C. (by Michael H. Perry), for defendant Sloan.

LEVIN, J.

The named plaintiffs are thirty-nine school employees who purchased tax-shelter annuity policies from defendant American Bankers Life Assurance Company of Florida. The individual defendants, Richard Pawlowski, Danny G. DeWolf, and John D. Martin Sloan, are three of the agents through whom the annuities were secured.1

The plaintiffs commenced this action, alleging common-law fraud and deceit, breach of fiduciary duty,...

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