Elderly Annuity Investor Attorney

Are You An Elderly Investor Who Suffered Losses in Colorado Bankers Life Insurance?

Our Annuity Investment Loss Attorneys Can Help You Explore Your Legal Options

Shepherd Smith Edwards and Kantas (investorlawyers.com) are continuing to investigate investor claims of losses involving Colorado Bankers Life Insurance and Bankers Life Insurance, which are two of the insurers owned by billionaire Greg Lindberg. On September 4, The North Carolina Commissioner of Insurance and the now defunct insurers filed a brief with the state’s appeals court claiming that Lindberg was purposely engaging in tactics to prevent billions of dollars in payouts to annuity holders.

Both Bankers Life Insurance and Colorado Bankers Life Insurance have been in rehabilitation since 2019, which was the same year that Lindberg was first indicted on fraud charges. He went to prison for a time and is back out while awaiting retrial. He faces additional criminal charges accusing him of defrauding annuity holders of over $2B. Many of these annuitants are elderly investors and seniors whose funds have been frozen for the last few years.

Because both Colorado Bankers Life Insurance and Bankers Life Insurance are unable to move forward with liquidation proceedings, this is holding up the annuity payments that these investors are owed. At this point, who knows how long all of this will take and how much, if anything, investors can and will get back.

How Can Our Trusted Colorado Bankers Life Insurance Loss Lawyers Help?

What annuity holders can do, however, is to speak with our knowledgeable investment loss recovery law firm to determine whether they have grounds for a lawsuit against the brokerage firm that marketed and sold them annuities from these insurers.

Since 2020, Shepherd Smith Edwards and Kantas have been going after the dozens of broker-dealers that allegedly unsuitable recommended Lindberg-issued annuities both in the United States and in Bermuda. To date, we have filed over 100 FINRA arbitration claims on behalf of both American investors and foreign nationals.  Many of these investors are saying they were never fully apprised of the risks involved.

Not only that but also there were opportunities to help these annuity holders to get out earlier. Yet many brokerage firms did not take any action to properly advise investors about this option. One can only assume the high commissions that financial advisors were paid played a role in their poor decision-making and purported disregard for their client’s best interests.

Should we agree to work together, you will become part of our unit of annuity loss claims represented by our entire securities firm. With over a century’s worth of combined experience in the securities industry and securities law, we have harnessed our skills, resources, and savvy to achieve full or partial financial recovery for more than 90% of our clients. This has resulted in thousands of investors collectively recovering many millions of dollars with our help.

Our Elderly Annuity Investor Attorney Team is Protecting the Rights of Elderly Investors and Retirees

Our Elderly Annuity Investor Attorney and retirement loss lawyers know how devastating it can be to suffer serious financial losses especially later in life. Many of our clients are older investors and retirees.

Contact us online or call our Elderly Annuity Investor Attorney team at (800) 259-9010 today to schedule your free, no-obligation case consultation.