Annuity Loss Law Firm

Shepherd Smith Edwards and Kantas Represent CB Life Annuity Investors Against Broker-Dealers. Thousands of Retirees’ Assets Remain Frozen in Colorado Banker’s Life Insurance Annuity Policies

If you are an investor who has been waiting a number of years to get your money back from a CB Life annuity issued by Colorado Bankers Life Insurance, know that this could be a futile attempt. Not only have your assets been frozen for some time, but also the insurer remains in rehabilitation with liquidation proceedings continuing to be delayed. Meanwhile, owner Greg Lindberg has been charged with allegedly defrauding policyholders of $2B. He also, according to a new court filing he submitted in litigation against him and his companies, owes at least $1.9B to creditors. As Shepherd Smith Edwards and Kantas Annuity Loss Law Firm (investorlawyers.com) Senior Partner and annuity fraud loss attorney Kirk Smith said in a recent Wall Street Journal article, rather than wait for years to get back who knows how much, if anything at all, from Colorado Bankers Life Insurance, CB Life annuity investors may want to explore other legal options.

Already, we are representing a number of CB Life annuity investors, many of them retirees, in pursuing damages from the broker-dealers that allegedly unsuitably marketed and sold them these investments. This includes broker fraud claims brought against Citizens Securities, which is currently under investigation by Massachusetts regulators for its sale of these particular annuity policies.