The suit seeks more than $ 50,000 in
general damages and more than $ 50,000 in
economic damages as well as an unspecified amount for medical and funeral expenses, emotional
distress and other damages.
See the Investor Handbook for more information on Franklin Templeton 529 College Savings Plan, including sales charges, expenses,
general risks of the Plan,
general investment risks and specific risks of investing in Plan portfolios, which can include risks of convertible securities; country, sector, region or industry focus; credit; derivative securities; foreign securities, including currency exchange rates, political and
economic developments, trading practices, availability of information, limited markets and heightened risk in emerging markets; growth or value style investing; income; interest rate; lower - rated and unrated securities; mortgage securities and asset - backed securities; restructuring and
distressed companies; securities lending; smaller and midsize companies; credit linked securities, life settlement investments, and stocks.
Court held that insurer did not owe a duty to defend, under a commercial
general liability policy, where third - party action sought incidental emotional
distress damages caused by the insured's noncovered
economic or business torts.