Blog Posts in August, 2007
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Magnetix Defective Toy Injuries Lead to Expanded Recall
Posted By Klein Frank, P.C.We hope that the following post will prevent more deaths and serious injuries to young children as the result of a dangerous toy known as Magnetix. Additional serious injuries to children reported following the March 31, 2006 recall announcement of Magnetix Magnetic Building Sets have prompted the U.S. Consumer Product Safety Commission and Mega Brands America, Inc. ("Mega Brands", the new owner ...Continue Reading -
Midland National Life Insurance Company Annuity Lawsuits
Posted By Klein Frank, P.C.Continue Reading
If you are 65 years or older and have purchased an annuity from a bank or after attending a living trust or estate/financial planning seminar, you may be eligible to join in a class action lawsuit . Does This Story Sound Familiar to You? Ron was 73 when he purchased a life insurance annuity from Midland National Life Insurance Company. He paid a premium of $43,000.00 from the nice investment ...
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Annuities and the Elderly
Posted By Klein Frank, P.C.Continue Reading
The North American Securities Administrators Association reports that over 33 percent of all cases of financial exploitation of the elderly involve annuities. Hundreds of class actions have been filed against insurers in the past few years over annuity sales to the elderly, including one in Minnesota against Allianz for nearly 400,000 plaintiffs. Index based annuities are not regulated by the ...
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