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Am I being sued? |
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No, you are not being sued. |
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What is this litigation about? |
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Two purchasers (now known as “Class Representatives”) filed a complaint in U.S. District Court in the District of Minnesota alleging that Allianz marketing and sale practices for specific Two-Tiered Bonus Annuities violated the Minnesota Prevention of Consumer Fraud Act and allowed for unjust enrichment by Defendant.
Defendant denies each claim alleged in the complaint. To date the court has taken no position on the allegations raised by the Class Representatives, but has allowed the lawsuit to proceed as a class action.
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How do I know if I am a Class Member? |
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Class Members include individuals satisfying all the following criteria:
1. A purchaser or beneficiary;
2. of one or more Allianz "Two-Tiered Bonus Annuities" policies (identified below) purchased between February 9, 2000 and May 10, 2007; AND,
3. the purchaser was NOT a California resident aged 65 or older at the time of purchase. |
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What Allianz Annuities are affected?
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The Court has approved only the following "Two-Tiered Bonus Annuities" for this lawsuit:
[Accumulator] Bonus Maxxx,
[Accumulator] Bonus Maxxx Elite,
BonusDex, BonusDex Elite,
10% Bonus PowerDex Elite,
MasterDex 10, and/or
Infinidex 10 |
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What happens if I was a CA resident aged 65 or older at the time of purchase? |
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The Court decided that all persons meeting this description are part of a lawsuit filed in the United States District Court for the Southern District of California. That lawsuit—Iorio, et al. V Allianz Life Ins. Co. of N. Am, Case No. 05CV633—is separate from this litigation and no additional information is available on this website. |
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How can I verify if my Allianz policy is affected by this litigation? |
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To learn if your Allianz policy is affected by this lawsuit, please click the "Class Member Verification" link and enter the requested information. Your policy will be referenced and the system will return a response. If the response is YES, then that policy is part of the lawsuit. |
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Do I have a lawyer? |
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Yes. The court appointed three firms to serve as Class Counsel: the Nygaard Law Firm (Leawood, Kansas), Page Perry, LLC (Atlanta, Georgia), and Chestnut & Cambronne (Minneapolis, MN). These firms represent your interests and have experience handling similar cases. For more information about these firms, their practices, and the experience of their lawyers please visit their respective websites: www.nygaardlaw.com, www.pageperry.com, and www.chestnutcambronne.com. |
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How can I contact the Class Counsel? |
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You may communicate directly with Class Counsel by completing the “Contact Class Counsel” page on this website.
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Should I get my own lawyer? |
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You do not need to hire a lawyer because class counsel is working on behalf of your interests. However, if you wish to retain your own lawyer you may do so at your expense. |
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Is there a trial scheduled? |
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No. The court has ordered all parties ready for trial by January 1, 2009, but has not scheduled a date for trial. Should a trial be necessary, the court will hear arguments at the United States District Court for the District of Minnesota, 202 U.S. Courthouse, 300 South 4th Street, Minneapolis, MN 55415. |
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If a trial is scheduled, do I have to attend? |
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No. Class Counsel will present the case for all class members, and Allianz will present their defenses. You are welcome to attend at your own expense. |
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What if I do not wish to participate in this lawsuit? |
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If you want to file your own case, or do not otherwise wish to participate in this lawsuit,
you must submit an
Exclusion Request Form
postmarked no later than January 31, 2009 to:
In re Allianz Two-Tiered Bonus Annuity Litigation EXCLUSIONS
c/o Analytics Incorporated
P.O. Box 2005
Chanhassen, MN 55317-2005 |
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How can I obtain additional information on the case? |
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You may obtain additional information by writing to:
In re Allianz Two-Tiered Bonus Annuity Litigation
c/o Analytics Incorporated
P.O. Box 2005
Chanhassen, MN 55317-2005 |
