Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Life Health > Running Your Business

Specialty Insurer Defeats Class Action

Your article was successfully shared with the contacts you provided.

A U.S. District Court judge in New York has dismissed a securities class action suit filed against Universal American Financial Corp.

Universal American, Rye Brook, N.Y., says the court dismissed the suit, Kemp vs. Universal American Financial Corp et al., with prejudice, meaning that the plaintiffs do not have court permission to refile the suit.

The plaintiffs sued Universal American, a company that sells insurance to older Americans and administers other companies’ insurance programs for older Americans, in 2005, after Universal American announced disappointing Medicare supplement insurance claims results.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.