Did you purchase an individual variable deferred annuity contract, or received a certificate to a group variable deferred annuity contract issued by VALIC? Are you wondering if you could benefit from this Bobbitt v. Milberg Settlement or not?
You have just landed on the right place. Read This reviews to know know the details about VALIC Bobbitt Settlement.
Meaning Of The Class Action
A class action lawsuit is a legal action brought by a group of people who have suffered similar harm as a result of a company’s actions. Instead of each individual filing a separate lawsuit, the group can come together and file as one, which can be more efficient and cost-effective.
What VALIC Bobbitt Settlement Is All About
It is a a legitimate settlement for those that purchased an individual variable deferred annuity contract, or received a certificate to a group variable deferred annuity contract issued by VALIC, or made an additional investment through such a contract, on or after April 27, 1998, to April 18, 2003, that was used to fund a contributory retirement plan or arrangement qualified for favorable tax treatment.
You may review the documents that are on file with the Court HERE, which confirm this is a valid Settlement.
Who Are The People Eligible For This Bobbitt Settlement?
- Those that have had a retirement account with Variable Annuity Life Insurance Company (VALIC)
- If you received received a certificate to a group variable deferred annuity contract issued by VALIC
Will It Cost You Money To Join The Settlement?
It costs you nothing to join the class action. Group members will have no liability for legal costs if the class action is unsuccessful.
Is Bobbitt Settlement Administrator Valic Class Action Lawsuit Legit?
Yes, it is a legit settlement. one of the lawyers representing the named Plaintiffs confirmed it on Onlinethreatalert website. See hat the lawyer has to say-
I am one of the lawyers representing the named Plaintiffs in the case. This is a legitimate settlement. The case name and cause number are contained within the notices that you were sent. If you would like to confirm the existence of the case, please call the United States District Court, District of Arizona sitting in Tucson. The cause number of the case is No. CV09-629-TUC-FRZ. Ask to speak with a court clerk that can confirm the existence of the case.
VALIC is not the defendant in the case we are settling. Rather, the defendants in this case are law firms that had previously sued VALIC in an underlying case. The lawyers missed some deadlines in the underlying case and it was dismissed as a result. We sued those law firms in this case and their insurers are putting up the settlement money.
Conclusion
Bobbitt Settlement Administrator Valic Class Action is not a scam. The detailed Notice is available here. Other documents related to the Settlement can be found on the Documents page of this website. The link attached to the text message is safe. Therefore, go through it and see if you will benefit from it.
is just like Qsuper class action settlement that we reviewed awhile ago.
