Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Transamerica Sued Over Marijuana-Linked Claim Denial
By Allison BellFailure to disclose occasional use on a life insurance application is not material misrepresentation, the beneficiary asserts.
October 11, 2023
Advisor Pleads Guilty to Bilking 45 Clients in Cherry-Picking SchemeThe barred broker faces up to 25 years in prison when he is sentenced Dec. 28.
October 10, 2023
MOVEit Breach Suits Against Genworth, TIAA and Others Head to BostonJudge Allison Burroughs will oversee pretrial proceedings for about 100 federal cases linked to the cyberattack.
September 29, 2023
Analyst Accused of Punching Subway Worker Faces Judge, Civil SuitThe New York transit operator saying she was attacked has sued Jean-Francois Coste of Tocqueville Asset Management.
September 28, 2023
Trump's Business Empire at Risk of Dissolution After RulingNew York's attorney general is authorized to cancel the certificates for Trump companies that hold assets with inflated values.
September 27, 2023
John Hancock Charged Excessive 401(k) Fees, Suit ClaimsContainer shipping company Maersk is a facing a class-action lawsuit from participants in its 401(k) plan.
September 26, 2023
Trump Found Liable for Fraud in New YorkThe lawsuit says he exaggerated his net worth by billions of dollars on records sent to banks and insurers.
September 26, 2023
MassMutual Annuity Unit Faces Federal MOVEit Data Breach SuitA hearing this week could determine how many federal MOVEit suits are handled.