Class Action Signal

Class Action Signal

Class ActionsNews
Class ActionsNewsAboutContact
Public case information

LPL Financial Annuity Disclosure Class Action

Follow to receive email when new source reporting is added to this case. Email delivery also depends on your profile notification settings and a verified email address.

LPL Financial · Phoenix and PHL Variable annuity products · Ongoing Litigation

Last updated

About this case

Kerry Nietz filed a putative class-action lawsuit alleging that LPL Financial failed to warn annuity clients about the deteriorating financial condition of Phoenix Companies and PHL Variable Insurance Co., while continuing to collect commissions. The complaint asserts breach of fiduciary duty, professional negligence, fraudulent concealment, unjust enrichment, and Washington Consumer Protection Act violations; the matter is ongoing litigation.

Case overview

Defendant company
LPL Financial
Product or service
Phoenix and PHL Variable annuity products
Case status
Ongoing Litigation
Lawsuit type
Consumer
Reported harm
Misrepresentation

Participation information

Availability is based on each listed participation option and its deadline.

No active participation options are currently listed.

This information does not determine whether you qualify for a case.

Sources

Public reporting associated with this case.