>American Equity Investment
Date Filed: October 3, 2006
Court: U.S. District Court
Location: Iowa
Ticker Symbol: AEL
Hagens Berman Sobol Shapiro today filed a class action lawsuit against American Equity Investment Life Insurance Company, claiming the company engages in a scheme to reap profits by exploiting and preying on senior citizens.
The complaint states that American Equity knowingly sells deferred annuity products to senior citizens that would not mature until after the annuitant's life expectancy.
The suit is asking the court to end what it claims are unfair, improper and unlawful practices and seeks damages caused by American Equity's actions.
To view a copy of the complaint, please click here.
Court: U.S. District Court
Location: Iowa
Ticker Symbol: AEL
Hagens Berman Sobol Shapiro today filed a class action lawsuit against American Equity Investment Life Insurance Company, claiming the company engages in a scheme to reap profits by exploiting and preying on senior citizens.
The complaint states that American Equity knowingly sells deferred annuity products to senior citizens that would not mature until after the annuitant's life expectancy.
The suit is asking the court to end what it claims are unfair, improper and unlawful practices and seeks damages caused by American Equity's actions.
To view a copy of the complaint, please click here.
| SHARE: |
|
Cases and Investigations
| CONTACT US | CYCLING TEAM | TERMS AND CONDITIONS | FIRM BROCHURE | SECURITIES BROCHURE | FOLLOW US ONLINE: |
|
|
|
|
Sign Up For E-Mail Alerts