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Squitieri & Fearon, LLP represents plaintiffs and large groups or classes of individuals who have suffered losses as a result of the misdeeds of corporations or other individuals. Below is a sample of some of the notable cases that Squitieri & Fearon, LLP is prosecuting.

Aetna/Voya/Lincoln Life Insurance Cost Increase Investigation:

Aetna/Voya/Lincoln Insurance Cost/Premiums Increase

Squitieri & Fearon, LLP is investigating claims against Aetna Life Insurance and Annuity Company (now called Voya Retirement Insurance and Annuity Company) and The Lincoln Life & Annuity Company of New York for increasing the cost-of-insurance on certain Universal Life policies.  We are investigating whether Aetna/Voya/Lincoln improperly increased the cost of insurance starting in June 2016 in a way that violates the insurance policies.  Lincoln sent letters in 2016 announcing the cost-of-insurance increases that would become effective starting on June 1, 2016.  Since then policyholders have experienced large increases in their costs, often making the policies so expensive that the policyholders cannot afford to continue making the payments and must forfeit or cancel the policies.  Sometimes policyholders would receive a Grace Period letter from Lincoln demanding a large payment in order to keep the policy in force.

We are investigating claims that these large increases were improper and violated the policies.

If you or someone you know has a policy with Aetna (now Voya) or Lincoln and would like to learn more about our investigation, please fill out our online form, or contact Stephen J. Fearon, Jr. at stephen@sfclasslaw.com or by phone at (212) 421-6492.


Aetna/Voya/Lincoln Life Insurance Cost Increase Investigation

    Any information that you submit will be maintained as confidential. If Squitieri & Fearon, LLP, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Squitieri & Fearon, LLP will contact you to discuss the matter and whether to establish an attorney client relationship.

AIG I and AIG II ERISA Litigation:

In October 2008, along with co-counsel, Squitieri & Fearon successfully recovered $24.2 million on behalf of the plans and their participants. In re AIG ERISA Litigation, No. 04 Civ. 9387 (JES) (S.D.N.Y.) (AIG I). Click here to review the Court’s October 2008 decision approving the parties’ settlement.

In June of 2008 we brought a separate class action against AIG and certain other defendants on behalf of participants in AIG’s retirement plans including the AIG Incentive Savings Plan, the American General Agents’ & Managers’ Thrift Plan and the CommoLoco Thrift Plan. In re AIG ERISA Litigation II, No. 08 Civ. 5722 (LTS) (S.D.N.Y.). more »

American Spectrum REIT I Investigation:

Squitieri & Fearon, LLP is investigating claims on behalf of investors who lost money by purchasing shares of American Spectrum REIT I from a stockbroker or investment advisor.  American Spectrum Advisors recently offered to purchase 1.6 million shares of American Spectrum REIT I Inc. for $1.25 per share.  That offer represents a loss of 87.5% of value, as the fund’s shares were originally offered to the public at $10.00 per share.

If you purchased shares in American Spectrum REIT I from a stockbroker or investment advisor, you may be able to recover your losses.  Please contact Stephen J. Fearon, Jr. by e-mail at stephen@sfclasslaw.com or by phone at (212) 421-6492.

You can also complete the following form, and someone from the firm will contact you.

 


    Any information that you submit will be maintained as confidential. If Squitieri & Fearon, LLP, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Squitieri & Fearon, LLP will contact you to discuss the matter and whether to establish an attorney client relationship.

American Water Resources investigation:

American Water Resources — Deceptive Repair and Warranty Program for Water and Sewer Line Repair Investigation

Squitieri & Fearon, LLP is investigating claims that American Water Resources charged consumers for warranties or service contracts that were supposed to cover the costs of repairs if a homeowner’s sewer line or water line was damaged. we have heard from consumers who say that they were charged and paid for American Water Resources’ line protection program but when they had a problem that should have been covered, American Water Resources failed to pay for the repairs, leaving the homeowner to pay for the repairs. This includes coverage programs that were billed as part of the monthly water bills.

If you or someone you know has been charged for the coverage programs but was required to pay for repairs that should have been covered,  please complete the following form, and someone from the firm will contact you.


American Water Resources Investigation

    Any information that you submit will be maintained as confidential. If Squitieri & Fearon, LLP, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Squitieri & Fearon, LLP will contact you to discuss the matter and whether to establish an attorney client relationship.

BNY-Mellon, Legg Mason, Alliance Bernstein and Invesco Proprietary 401(K)Performance and fee Investigation:

BNY-Mellon, Legg Mason, Alliance Bernstein and Invesco PROPRIETARY 401(k)PERFORMANCE AND FEE INVESTIGATION

Squitieri & Fearon, LLP is investigating claims regarding 401(k) accounts of employees of BNY-Mellon, Legg Mason, Alliance Bernstein and Invesco.  Preliminary investigation has uncovered that each of BNY-Mellon, Legg Mason, Alliance Bernstein and Invesco have inserted within each of their respective employee 401(k) plans a menu of investment options which includes large amounts of their own proprietary funds, thus allowing each of them to earn fees from their employees’ retirement savings.

Many of the employer proprietary funds offered in each of the respective 401(k) plans have underperformed peer benchmarks and impose higher than average fees, thus costing the holders of the 401(k) accounts potentially thousands of dollars in lost retirement savings per account.  These employers’ inclusion of their own proprietary funds in their employees 401(k) accounts may constitute a violation of the regulations which forbid such arrangements under the “prohibited transactions” provisions of The Employee Retirement Income Security Act of 1974 (“ERISA”).

To join this class action lawsuit, please contact Lee Squitieri, Esq. by e-mail at lee@sfclasslaw.com or by phone at (212) 421-6492.

You can also complete the following form, and someone from the firm will contact you.

 


BNY-MELLON, LEGG MASON, ALLIANCE BERNSTEIN AND INVESCO PROPRIETARY 401(K)PERFORMANCE AND FEE INVESTIGATION

    Any information that you submit will be maintained as confidential. If Squitieri & Fearon, LLP, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Squitieri & Fearon, LLP will contact you to discuss the matter and whether to establish an attorney client relationship.

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If you have suffered loss from an action not described above, please click here to Report Your Case.