45 Million Dollars in Elderly Annuity Fraud Verdict

Breach of Feduciary Lawyers

March 26, 2012

45 Million Dollars after Verdict

Elder Insurance Annuity Fraud

Over 8,600 senior citizens that had been the victims of deferred annuity sales fraud.  After 6 years of litigation, the court found for the plaintiffs in phase one and awarded 15.4 million in damages to the class. The case thereafter resolved for more than 45 million. The most significant fact in the resolution of this complex case after trial was no written claims process was required.

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