Navigation Links
Miller Schirger and Stueve Siegel Hanson Announce Major Class Action Settlement Approved over Alleged Life Insurance Policy Overcharges

Miller Schirger LLC and Stueve Siegel Hanson LLP, law firms based in Kansas City, Mo., announce that, after six and a half years of litigation, an Indiana court has granted final approval of a $2.25 billion settlement of a class action lawsuit against The Lincoln National Life Insurance Company over alleged life insurance policy overcharges. Lincoln National agreed to settle the case by, among other things, issuing term life insurance certificates to a settlement class consisting of approximately 77,000 policy owners across 30 states. The term life insurance certificates will have a total face amount of death benefits estimated at $2.25 billion, with a market value of approximately $171.8 million.

In June, 2009, Stueve Siegel Hanson and co-counsel Miller Schirger filed the class action lawsuit against Lincoln National. The firms brought the lawsuit on behalf of Peter S. Bezich and other individuals who owned variable universal life insurance policies administered by Lincoln National, and involved alleged “cost of insurance” overcharges and other policy overcharges. Lincoln National denies all liability or wrong doing with regard to the claims and allegations asserted in the case.

“After six and a half years of hard fought litigation, including appeals to the United States Court of Appeals for the Seventh Circuit and the Indiana state appellate courts, we are pleased that we secured substantial relief for our clients,” said Miller Schirger Partner John Schirger.

“We are continuing our efforts on behalf of life insurance policy holders who we believe are being overcharged for their life insurance by several other life insurance companies and hope to secure similar relief for these clients,” said Stueve Siegel Hanson Partner Patrick Stueve.

Miller Schirger LLC is a Kansas City, Missouri based law firm focused on resolving complex disputes on behalf of businesses and individuals nationwide. Its attorneys represent plaintiffs and defendants in state and federal trial and appellate courts, before administrative and regulatory tribunals, and in arbitration and other alternative dispute resolution proceedings nationwide.

Stueve Siegel Hanson LLP is a Kansas City, Missouri based law firm representing business and individuals in high stakes litigation on a contingency fee model. The firm includes 40 lawyers in Kansas City, New York and San Diego and represents plaintiffs and defendants nationwide in complex business, class action, wage and hour, environmental, and product liability litigation and trials.

The case is 02C01-0906-PL-73, Allen County, Indiana. There is a website set up by a third party administrator with all the court documents.

Read the full story at

Source: PRWeb
Copyright©2016 Vocus, Inc.
All rights reserved

Related medicine news :

1. National Association of Professional Women Announces Elizabeth (Betsy) L.M. Miller, Founder, Child Care Health & Safety, LLC, as a 2014 Professional Woman of the Year
2. Chivas de Guadalajara vs. Swansea City Tickets: Ticket Down Offers Rock Bottom Ticket Prices for Chivas de Guadalajara vs. Swansea City at Miller Park in Milwaukee
3. Advice to College Freshman from Author Garrett Miller
4. Growing Less Invasive Technology Company, SpineFrontier Inc., Announces John Miller as VP of Sales
5. Amercanex Names Jim Miller to CTO Position
6. Dr. Philip Miller Introduces Non-Invasive Procedure To Treat Double Chins
7. Mediaplanet Fights to End Alzheimer’s Alongside Seth Rogen, Lauren Miller Rogen and Maria Shriver in Its Latest “Fighting Alzheimer’s” Campaign
8. Express Scripts’ Miller Discusses Loss of ‘Social Contract’ in Drug Pricing, Other Specialty Pharmacy Trends
9. Dr. John S. Markel Now Offers Leading Laser Technology, Provides Convenient, Minimally-Painful Dental Treatment in Millersville, MD
10. NexTec Group Announces New Business Intelligence Practice Led by Mary Miller-Friedman
11. Barry A. Siegel, M.D., receives 2014 Benedict Cassen Prize for Research in Nuclear Medicine
Post Your Comments:
(Date:10/12/2017)... ... , ... IsoComforter, Inc. ( ), one of the Nation’s ... design of the shoulder pad. The shoulder pad provides optimal support and full ... while using cold therapy. By utilizing ice and water that is circulated from an ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... drug delivery system that we intend to develop to enable prevention of a ... lead to severe hearing loss, especially in pediatric patients. For cisplatin, hearing loss ...
(Date:10/12/2017)... ... October 12, 2017 , ... Leading pediatric oncology experts ... Washington, D.C., for the 49th Congress of the International Society of Paediatric Oncology ... of the Center for Cancer and Blood Disorders at Children’s National, and ...
(Date:10/12/2017)... (PRWEB) , ... October 12, 2017 , ... ... (HLA), the nation's first interactive health literacy software tool, and the Cancer Patient ... aspects of cancer patient education, today announce a new strategic alliance. , ...
(Date:10/12/2017)... ... October 12, 2017 , ... Farm ... California Berkeley, and other leading institutions in announcing the launch of the ... change the way animals are raised for food. , Founding members of the ...
Breaking Medicine News(10 mins):
(Date:10/4/2017)... LAWRENCE, Mass. , Oct. 4, 2017 /PRNewswire/ ... developer of single-use, self-contained, illuminating medical devices, today ... National Health Surveillance Agency (or Agência Nacional ... ®. The first single-use, cordless surgical retractor with ... ONETRAC provides optimal access, illumination and exposure of ...
(Date:10/2/2017)... 2, 2017 The Rebound mobile app is poised ... reverse the tide of prescription drug addiction. The app empowers ... intake and stepping down their dosage in a safe, controlled ... December 2017; the first 100,000 people to sign up will ... ...
(Date:9/25/2017)...   Montrium , an industry leader in ... IQPC Trial Master Files & Inspection Readiness Conference ... Clinical Services has selected eTMF Connect ... EastHORN, a leading European contract research organization (CRO), ... to enable greater collaboration with sponsors, improve compliance ...
Breaking Medicine Technology: