Aviva Settlement Class Can't Cash In On Pa. AG Suit: Judge

Law360, New York (July 11, 2013, 2:32 PM EDT) -- A Pennsylvania federal judge on Wednesday said class members in an Aviva USA multidistrict litigation over fraudulently marketed annuities who joined a settlement worth up to $530 million can't receive restitution from a lawsuit filed by Pennsylvania's attorney general because they've released their claims.

U.S. District Judge Mary McLaughlin said the class members' claims for restitution in the attorney general's lawsuit are based on transactions that were covered in their 2009 federal settlement — a settlement that discharged Aviva from “any and all” claims related to...
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