Class Cert. Denied In Seniors' Annuity Suit Against Bankers

Law360, New York (March 29, 2012, 4:44 PM EDT) -- A senior claiming Bankers Life and Casualty Co. duped her into buying unsuitable deferred annuities can't represent a nationwide class in her lawsuit against the insurer, an Illinois federal judge ruled Thursday, saying the plaintiff's evidence on Bankers' nationwide practices was too weak.

U.S. District Judge Robert M. Dow Jr. said the lead plaintiff, California-resident Estella Rowe, had not provided enough evidence that Bankers has a policy of tricking seniors into buying the annuities throughout the U.S.

Rowe and her late husband switched an investment of...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Rowe et al v. Bankers Life and Casualty Company et al


Case Number

1:09-cv-00491

Court

Illinois Northern

Nature of Suit

110(Contract: Insurance)

Judge

Honorable Robert M. Dow, Jr

Date Filed

January 25, 2009

Law Firms

Companies

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.