CHICAGO – Members of the American Academy of Actuaries have filed a class action lawsuit against the organization's board over allegations it violated bylaws.
Michael S. Clark, Donald E. Fuerst, Lawrence J. McCarthy, and others, filed a complaint on Dec. 20 in Cook County Circuit Court seeking declaratory judgment.
According to the complaint, the plaintiffs allege the defendants, who are board members of the AAA, violated the organization's bylaws when they removed members of the selection committee in September 2018.
The plaintiffs seek to reverse the board's decision and fill the committee pursuant to the bylaws.
The plaintiffs seek to declare the actions taken by the selection committee to be null and void and have no legal or binding effect, award attorney fees, costs, and such relief as the court deems just and appropriate. They are represented by Timothy L. Binetti and Kathryn W. Bayer of Dinsmore & Shohl LLP in Chicago.
Cook County Circuit Court Case number 18-CH-15777