Keller Rohrback L.L.P.: Washington District Court Grants Class Certification Related to RICO Claims and Others Against Symetra Life Insurance and its Affiliate SABSCO
On
“All persons who are or were, at any time, annuitants of [a structured settlement annuity (“SSA”)] that contemplated life contingent payments issued by Symetra and who subsequently sold to a Symetra affiliate the right to receive payments from that SSA in a factoring transaction.”
The Court denied Plaintiffs’ Motion to Certify a Class as to their breach of fiduciary duty claims. Plaintiffs brought this class action lawsuit on behalf of themselves and all others who, in settling underlying tort litigation, became the beneficiaries of a
Plaintiffs’ amended complaint alleges that Defendants solicited Plaintiffs’ rights to their future payments as part of a business scheme that used their position of trust as issuer and owner of Plaintiffs’ structured settlement annuities. Plaintiffs allege that Defendants leveraged their knowledge and unequal bargaining power to profit by purchasing Plaintiffs’ future payments at a steep discount in factoring transactions. As a certified class, Plaintiffs are one step closer to holding Defendants accountable for these practices.
Plaintiffs’ Counsel,
The case is:
White, et al. v.
Case No. 20-cv-01866
Learn more about the case here.
Keller Rohrback Attorneys for Plaintiffs are:
About
src="https://cts.businesswire.com/ct/CT?id=bwnewssty=20220810005682r1sid=acqr8distro=nxlang=en" style="width:0;height:0" />
View source version on businesswire.com: https://www.businesswire.com/news/home/20220810005682/en/
805.456.1496
[email protected]
Source:
Risk Management Consulting Market Is Booming Worldwide with Deloitte Touche Tohmatsu, Aon, Marsh
Home and Property Insurance Market May See Big Move : Allstate, Liberty Mutual, GEICO
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News