Allianz Annuity Customers' Suit Gets Green Light

Law360, New York (February 27, 2009, 12:00 AM EST) -- A federal judge has ruled that a class action against Allianz Life Insurance Co. of North America alleging that the company misrepresented its annuities to customers can go to trial, denying Allianz's motion to decertify the class and part of its motion for summary judgment.

Judge Ann D. Montgomery of the U.S. District Court for the District of Minnesota ruled Thursday that common questions outweigh individual questions for the proposed class of people who bought Allianz's annuities.

She also ruled that Allianz was not entitled to...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Mooney v. Allianz Life Insurance Company of North America


Case Number

0:06-cv-00545

Court

Minnesota

Nature of Suit

Fraud or Truth-In-Lending

Judge

Ann D. Montgomery

Date Filed

February 9, 2006

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.