Protecting Consumers Against Fraud and Other Corporate Misconduct
We have achieved significant recoveries on behalf of class members in numerous consumer cases.
Barack, Rodos & Bacine has been at the forefront of important litigation brought to ensureat consumers injured by questionable business practices are compensated for the harm they suffer.
“Senior Annuity” Cases
BR&B’s broad class action experience includes so-called “Senior Annuity” cases specifically seeking remedies on behalf of our nation’s elderly. Serving as a co-lead counsel and participating in the Senior Annuity case prosecution groups, BR&B and other counsel achieved settlements valued in the aggregate between $552 million and $1.273 billion against insurance companies including Allianz, National Western, Midland, American Equity, and AIG, asserting claims under consumer protection and elder abuse statutes and the Racketeer Influenced and Corrupt Organizations Act.
Allied Mutual Litigation
BR&B represented Allied Mutual policyholders in a case against Nationwide Mutual Insurance Company in connection with the November 1998 merger of the companies. Until the merger, Allied Mutual Insurance Company was an Iowa mutual insurance company owned by its policyholders. In the case brought on behalf of Allied Mutual policyholders, BR&B alleged that Allied Mutual’s management, for its own benefit, intentionally interfered with certain policyholder ownership rights by entering a series of transactions that improperly transferred substantial assets from Allied Mutual to its subsidiary. After more than seven years of litigation, including seven appeals to the Iowa Supreme Court, Nationwide agreed to pay a minimum of $128.5 million to Allied Mutual policyholders to settle the case.