CLASS ACTION ANNUITY LITIGATION n1

Annuity Contract Claim. On February 14, 2005, plaintiffs filed a putative class action alleging that defendant insurers, New York Life Insurance and Annuity Corporation ("NYLIAC") had breached its policies by failing to pay a minimum guaranteed interest rate on its variable annuity policies. n157 In Webster, plaintiffs contended that the policy ... ................
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