Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
'Annuity King' Gets 15-Year Sentence, Files Appeal
By Allison BellPhillip Roy Wasserman, convicted of defrauding insurance company investors, is set to begin serving time Feb. 23.
February 01, 2024
Judge Approves $6.3M Forfeiture for 'Annuity King'Phillip Roy Wasserman predicts he'll win on appeal.
January 31, 2024
Grange Holdings Sues Kansas City Life Over NameThe complaint filed in an Ohio court involves a life insurance unit that changed hands.
January 31, 2024
Policyholder Sues Northwestern Mutual Over Life and Disability PoliciesA man in Florida is attributing claim filing delays to incorrect information provided by the insurer.
January 31, 2024
Allianz Life Responds to Suit Involving Agent Oversight QuestionsThe company asserts that, under California law, an insurer is not a fiduciary for its insured.
January 29, 2024
Ex-IRS Contractor Who Leaked Trump & Billionaires' Tax Data Gets 5 Years in PrisonEarlier, Charles Littlejohn admitted to taking tax information about thousands of wealthy Americans, like Jeff Bezos, and passing it to ProPublica.
January 29, 2024
Federal Court Rules in Favor of Allstate in Privacy CaseThe suit is part of a big wave of California cases aimed at companies that used standard traffic analysis services.
January 25, 2024
Schwab-TD Ameritrade Antitrust Suit Lives OnThe judge has set several deadlines in the case for this year and next.