Judge Declines To Limit Related Annuity Suits

Law360, New York (May 11, 2011, 7:10 PM EDT) -- A Minnesota federal judge on Wednesday denied Allianz Life Insurance Co. of North America's request for an injunction in one class action that would have reduced the number of plaintiffs and claims in similar suits over allegedly deceptive annuity sales tactics.

Allianz argued that all members of a Minnesota class should be barred from pursuing any claims that could have been brought in that case. But U.S. District Judge Ann D. Montgomery said she was not convinced the judgment in that case, which let Allianz off...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.