Judge Tosses Annuities Suit Against AIG Subsidiary

Law360, New York (June 4, 2012, 8:01 PM EDT) -- A Texas federal judge on Thursday threw out a putative class action against a subsidiary of American International Group Inc. alleging the company violated securities laws when it sold deferred annuities, ruling that the claims are time-barred.

U.S. District Judge Sim Lake refused to include the appeal of a related lawsuit in his calculation of the deadline for the class action and held the complaint against the Variable Annuity Life Insurance Co., a wholly owned subsidiary of AIG, was filed four months too late.

The plaintiffs,...
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Case Information

Case Title

Hall et al v. The Variable Annuity Life Insurance Company et al

Case Number



Texas Southern

Nature of Suit



Judge Sim Lake

Date Filed

October 12, 2011

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