Ohio National Financial Services. (Photo: Shutterstock.com)
With multiple lawsuits proceeding around the country, Ohio National Life Insurance and the broker-dealers suing it for terminating trail commissions asked a Texas court to stay litigation there until an Ohio case moves forward.
November 18, 2019 at 01:24 PM
1 minute read
staff reporter
In the midst of multiple lawsuits accusing Ohio National Life Insurance of improperly cutting off trail commissions to brokers and agents selling its variable annuities, a Texas brokerage and the insurer have asked a federal judge to stay litigation there until a parallel lawsuit in Ohio can proceed.
The filing comes after U.S. District Judge Susan Dlott of the Southern District of Ohio tossed out two related lawsuits last month. An appeal has already been filed in one of those lawsuits.
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