45 Million Dollars after Elderly Annuity Fraud VerdictMarch 26, 2012 · General
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.