Allianz Life Insurance Annuity Purchasers File Class Action Lawsuit Complaint AgainstAllianz Life Insurance Over Alleged Backdating of Monthly Index Adjustments For Annuities.
A class action lawsuit has been filed against Allianz Life Insurance (“Allianz Life Insurance” or “Allianz” or “Defendant”) in Clark County court in Las Vegas, Nevada, alleging, among other things, that Allianz Life Insurance backdated its “monthly index adjustment” for certain equity index annuities it sold, by a day, in order to secure a more favorable valuation for itself and seeking compensatory and punitive damages for alleged consumer fraud, unjust enrichment, breach of contract and breach of faith, according to an Allianz Life Insurance equity index annuity backdating class action lawsuit news report.
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