8th Circ. Won't Rehear Allianz's Annuity Claims Argument

Law360, New York (August 15, 2011, 7:01 PM EDT) -- The Eighth Circuit on Monday declined to rehear en banc an appeal from Allianz Life Insurance Co. of North America seeking an injunction to reduce the number of plaintiffs allowed to bring claims in similar suits over allegedly deceptive annuity sales tactics.

The appeals court on Friday affirmed a federal court's denial of such an injunction, which would have barred all members of a Minnesota class from pursuing any new claims that could have been brought in a case that ended in May.

U.S. District Judge...
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