CLASS ACTIONS AGAINST INSURANCE COMPANIES
Diane Nygaard has represented investors in several class actions against insurance companies:
- Kippes, et al. v, Knights of Columbus et al.; Civil Action No. 96-C-4789, District Court, Sedgwick County, Kansas, and related cases, (settled for $23,000,000 on behalf of a class of policyholders sold “vanishing premium” policies).
- In Re Lutheran Brotherhood Variable Insurance Products Co. Sales Practices Litigation, Case No. 99MDL 1309 PAM/JGL; (settled for $40,000,000 on behalf of policyholders sold life insurance as investments and vanishing premium policies).
- McCallup, et al. v. Metropolitan Life Insurance Co., U.S.D.C., S.D.N.Y., No. 01-CV-2090, (case settled for $125,000,000 on behalf of minorities to whom high cost life insurance was sold).
- In Re Industrial Life Insurance Litigation, MDL No. 1371 & 1382; (settled for $80,000,000 on behalf of minorities to whom high cost life insurance was sold).
- Ireton v. American Family Life Ins. Co., Case No. 97-C-1184 (E.D. Wis. Oct. 6, 1999); $75,000,000 settlement for misrepresented sales of “vanishing premiums” life insurance.
- Brown, et al. v. Phoenix Home Life, $1,600,000 settlement for a group of AT&T employees defrauded by an insurance agent who convinced them to retire early and roll over their retirement savings from AT&T to him.
- Robert and Nancy Simpson et al. vs. New England Mutual Life Ins. Co., U.S. District Court for the Western District of Missouri, Case No.: 98-1190-CV-W-1, $200,000,000 settlement for misleading sales of life insurance products to a class of all its policy holders.