Judge dismisses some claims in NIC trustee lawsuit
The civil lawsuit — filed last December by
In a written decision issued Thursday, Judge
Pittman noted that at the time the actions in question occurred, Gridley was not a student at
Gridley's lawsuit also challenges the validity of the contract between
The claim involving Macomber's contract is based on alleged violations of
Pittman denied NIC's request to dismiss those claims.
"This court finds that Gridley has alleged sufficient facts in support of his claim for open meeting law violations that, if true, could entitle him to the relief requested," Pittman wrote in his decision.
The court also determined that Gridley's allegations could support a finding that the defendants have "incurred indebtedness beyond ordinary and necessarily expenses."
The trustees named in the lawsuit voted to hire Macomber and South in
South has been on paid administrative leave since March, when trustees complied with a court order to bring NIC President


Why are fees so much higher for mom-and-pop investors?
House interest rates in the United States reach 7.09%, the highest level since 2002
Advisor News
- Help women break through their retirement roadblocks
- Advisors await SEC decision on Vanguard fair fund distribution
- What to do when adult children become the client
- Judge rules insurers not liable for Newport Group’s AME Church pension lawsuit
- Why vacation homes are becoming a major blind spot for advisors
More Advisor NewsAnnuity News
- Legacy Marketing Group partners with Malibu Life USA for annuity launch
- Best’s Market Segment Report: Global Life/Annuity Reinsurers Remained Poised for Steady Growth
- When technology becomes easy to rent, what still separates life and annuity carriers?
- Legacy Marketing Group® and Malibu Life USA Announce Distribution Partnership for New Fixed Indexed Annuity Platform
- Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- How advisors can get clients to act sooner on life insurance
- AM Best Affirms Credit Ratings of Crum & Forster Insurance Group’s Members and Monitor Life Insurance Company of New York
- AM Best Affirms Credit Ratings of Life Insurance Company Centras Life JSC
- AM Best Withdraws Credit Ratings of New Providence Life Insurance Company
- When technology becomes easy to rent, what still separates life and annuity carriers?
More Life Insurance News