Judge Rejects Class In Annuities Suit V. ReliaStar

Law360, New York (February 24, 2009, 12:00 AM EST) -- A federal judge has refused to certify a class of investors suing ING North America Insurance Corp. unit ReliaStar Life Insurance Co. over the insurer's interest-crediting policies on fixed deferred annuity policies after ruling that proving the claims will require evidence on the expectations of individual plaintiffs.

Judge Joan N. Ericksen of the U.S. District Court for the District of Minnesota denied the motion from the named plaintiffs — investors Jacqueline and Alan Avritt — to handle the claims for breach of contract and violations of...
To view the full article, register now.