Group's Suit Failed to Meet Heightened Pleading Requirements

The South Carolina Court of Appeals last week ruled that a group of disgruntled members of the state's largest self-insured workers’ compensation fund failed to state a viable cause of action against the fund's trustees stemming from their decision to reroute $5 million in assets to start up an insurance company. Although the South Carolina Home Builders Self Insurers Fund never got the insurance company off the ground, the decision of the trustees drew the ire of several members who felt the new venture would not benefit them. The members filed suit against the fund and t...