X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Pile of documents

Ohio National Life Insurance has suffered a series of legal setbacks as it fights lawsuits and arbitration demands in the wake of last year’s decision to stop paying certain commissions to thousands of brokers selling variable annuities.

A new lawsuit was filed against Ohio National in Texas in July, the company is resisting arbitration demands in Ohio, and its lawyers are asking a Massachusetts judge to reverse a ruling routing a case into FINRA arbitration.

In the company’s home state of Ohio, it suffered a key setback after Magistrate Judge Stephanie Bowman’s issued a recommendation June 28 that found there was sufficient evidence to allow the claims for breach of contract and unjust enrichment to proceed. Ohio National unsuccessfully argued that the plaintiff—a representative for a broker-dealer marketing the annuities—lacked standing as a third party to the selling agreement.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Greg Land

Greg Land covers topics including verdicts and settlements and insurance-related litigation for the Daily Report in Atlanta.

More from this author

Negotiating and Drafting Contract BoilerplateBook

This best-selling book educates lawyers business professionals on the underlying rationale importance of boilerplate language, addressing key legal and business issues...

Get More Information
 

America's Claims Executive Virtual Leadership Forum & Expo 2021Event

ACE Virtual Leadership Forum & Expo is the annual conference for Senior Claims Executives in Insurance organizations.

Get More Information
 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.