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Investor Who Lost Money In A Greg-Lindberg Issued Annuity Still Have Time To Act. Our Dedicated Annuity Fraud Law Firm Are Suing Brokerage Firms For Those Who Suffered Financial Harm
Once again, insurance mogul Greg Lindberg is fighting legal proceedings involving one of his companies. He recently asked the North Carolina Court of Appeals to get rid of a block that prevents him from interfering in the liquidation order of Southland National Insurance. He claims that Wake County Superior Court made a mistake when it refused to reconsider the rehabilitation plan for the insurer.
Southland National Insurance is one of several insurance companies owned by Lindberg that is under liquidation or rehabilitation. Shepherd Smith Edwards and Kantas (investorlawyers.com) are representing investors who have since suffered losses because brokerage firms unsuitably marketed and sold annuities in his companies:
- Northstar Financial Services (Bermuda)
- Colorado Bankers Life Insurance
- Southland National Insurance
- Southland National Reinsurance
- PB Investment Holdings
- Beechwood Bermuda
- Bankers Life Insurance
- Conservatrix
Already, we have filed over 100 FINRA lawsuits against brokerage firms on behalf of both US investors and foreign nationals. Many of the claimants are retirees and other retail investors who wanted low-to-no-risk financial products. They were blindsided after these insurers went out of business.
Meanwhile, Lindberg is facing a retrial on previous fraud charges and another trial accusing him of defrauding investors of over $2B. He is also being sued by insurers and currently owes hundreds of millions of dollars.
What Can You Do If You Suffered Losses in a Lindberg-Issued Annuity?
For investors, their best chance for financial recovery in this matter may be to sue their broker for damages. Many broker-dealers appear to have gone for the higher commissions rather than making sure that these were appropriate investments for their clients. Considering that Lindberg has long been suspected of funneling money from his insurers to his special-purpose vehicles, there were red flags that brokerage firms may have ignored.
The broker fraud claims we have filed over these annuity losses have included allegations of unsuitability, concentration, misrepresentation and omissions, failure to supervise, and gross negligence. If any such financial advisor misconduct was involved in the sale of these investments to you, and you sustained significant portfolio losses, you may be entitled to financial recovery.
Why Work With the Shepherd Smith Edwards and Kantas Annuity Fraud Law Firm?
When you hire us, you become part of our unit of annuity loss lawsuits that is represented by our entire firm. We are very knowledgeable about these investments and the reasons why brokerage firms should be held financially liable. With over 30 years of exclusively fighting for investors, we have the skills and resources to provide you with quality securities law representation.
Our annuity fraud law firm enjoys a reputation for obtaining successful results for our clients. More than 90% of investors we have worked with have secured full or partial financial recovery. We represent both US citizens, US residents, and international investors.
How To Contact UOur Annuity Fraud Law Firm:
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