Aviva Class Flays Objector To $570M Settlement

Law360, New York (January 28, 2010, 2:06 PM EST) -- Having finalized a $570 million settlement with Aviva USA over an alleged life insurance and annuity scam, hundreds of thousands of class members have denounced a “frivolous” attempt by an opt-out plaintiff to delay and ostensibly upend the settlement.

On Wednesday, the class urged Judge Mary A. McLaughlin of the U.S. District Court for the Eastern District of Pennsylvania to require the recalcitrant plaintiff, Martha Michael, to comply with the court’s guidelines and post a $569.6 million supersedeas bond in addition to seeking a stay, as...
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