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FORTUNE v. PRINCIPAL FINANCIAL GROUP, INC.

Nos. A95A1333, A95A1334.

465 S.E.2d 698 (1995)

219 Ga. App. 367

FORTUNE et al. v. PRINCIPAL FINANCIAL GROUP, INC. et al. ETHRIDGE v. PRINCIPAL FINANCIAL GROUP, INC. et al.

Court of Appeals of Georgia.

Reconsideration Denied December 6, 1995.

Certiorari Denied March 8, 1996.

Attorney(s) appearing for the Case

Taylor & Roberson, Leah O. Taylor, Jerry D. Roberson, Ted Taylor, Birmingham, AL, John P. Tucker, Jr., Blue Ridge, for appellants.

Carter & Ansley, Ben Kingree, III, Elizabeth J. Bondurant, Atlanta, for appellees.

BLACKBURN, Judge.

Evelyn Ethridge and John and Denise Fortune appeal from the grant of summary judgment to the Principal Financial Group, Inc. and the Principal Mutual Life Insurance Company (Principal). In their suits against Principal and Ernie Malcolm James, Ethridge and the Fortunes sought damages arising out of their investments in the "Principal Manager's Fund," a non-existent fund which James falsely represented to be a Principal fund. In identical four-count...

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