Allianz Can't Duck RICO Claims In False Marketing Suits

Law360, New York (October 14, 2011, 6:01 PM EDT) -- A California federal judge on Thursday rejected Allianz Life Insurance Co.'s bid to nix conspiracy claims in a pair of related class actions accusing it of fraudulently inducing senior citizens to purchase deferred annuities by knowingly misstating their value.

In denying Allianz's renewed motion for partial summary judgment on the plaintiffs' Racketeer Influenced and Corrupt Organizations Act claims, U.S. District Judge Christina A. Snyder ruled that the plaintiffs had shown an adequate connection between Allianz and the field marketing organizations that it allegedly conspired with to...
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