Six class action lawsuits filed against Annuity & Life Re

By David Marchant

22 years ago

Topics

Bermuda Fraud Insurance Investment Listed Securities

USA

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Keywords

Annuity & Life Re Bermuda Insurance Market Caldwell & Associates Cauley Geller Frederick Hammer

Hoffman & Edelson John Burke Law Offices of Bernard M. Gross Lawrence Doyle Millberg Weiss Bershad Hynes & Lerach Schatz & Nobel Schiffrin & Barroway Scott & Scott The Law Offices of Charles J. Piven Wechsler Harwood William Atkin

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No fewer than six class action lawsuits were filed against Annuity & Life Re (Holdings) Ltd. in December, 2002 at federal court in Connecticut.The complaints, which will eventually be consolidated into one action, were filed less than a month after the firm announced it was re-stating its financial results for 2001, 2001 and the first half of 2002, causing its share price to plummet by as much as 44 per cent.

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