May 15, 2015
Co-lead counsel that won a $251 million settlement in two racketeering class actions against Allianz Life Insurance Co. of North America on Thursday told a California federal judge that two plaintiffs' firms are reaching for more than their share of the $42 million attorneys' fees award.
February 23, 2015
A California federal judge on Monday overruled objectors and approved Allianz Life Insurance Co. of North America's $251 million settlement of two racketeering class actions alleging it lured 238,000 seniors into buying poorly performing deferred annuities, ruling the deal is a fair end to the "fierce" litigation.
November 10, 2014
Allianz Life Insurance Co. of North America has reached a $251 million settlement to end two racketeering class actions alleging it lured 230,000 seniors into buying poorly performing deferred annuities with harsh surrender policies, according to a filing in California federal court.
February 27, 2013
A California federal court on Monday rejected Allianz Life Insurance Co. of North America's third attempt to win summary judgment on Racketeer Influenced and Corrupt Organization Act claims in a pair of class actions accusing it of fraudulently luring 200,000 seniors to buy deferred annuities.