Litigation
Get the latest news and insights on litigation affecting financial advisors and the broader financial services industry.
Genworth Seeks Ruling on Life Benefits After Family Found Dead
By Allison BellThe insurer wants to stay out of discussions on distributing the proceeds from the mother's $1.25 million policy.
April 08, 2024
Biden Details Student Loan 'Plan B'Some 25 million borrowers would have their accrued interest fully or partially eliminated.
April 05, 2024
Ex-Ameriprise Advisor Awaits Sentencing in $1.2M Fraud CaseThe Texas-based planner pleaded guilty to defrauding clients; she used money to buy a house and shotgun.
April 03, 2024
Commonwealth Must Pay SEC $93M Over Revenue SharingCEO Wayne Bloom said the firm is "exploring all options to continue to defend our position."
April 02, 2024
Ameritas Suit Could Shake Up Life Settlement MarketThe case turns on whether a term life policy buyer can convert it into a permanent life policy.
March 29, 2024
New York Life Sues Former Agent to Recoup Commission AdvancesThe life insurer terminated the agent after finding that he'd failed to meet its application submission standards.
March 28, 2024
Bankman-Fried Sentenced to 25 Years in Prison Over FTX CollapseHe faced as long as 110 years behind bars after being convicted last year of seven offenses, including fraud and conspiracy.
March 25, 2024
Voya Faces Suit Over Universal Life Policy Premium HikeThe plaintiffs contend that the premium suddenly jumped to $90,000, from $25,000, without warning.