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Company: Jackson National Life Insurance Company
Current Parent Company:
Jackson Financial
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $20,500,000
Year: 2020
Date: January 9, 2020
Offense Group: employment-related offenses
Primary Offense: employment discrimination
Secondary Offense: racial discrimination
Violation Description: Jackson National Life Insurance Company, Jackson National Life Distributors, LLC, and Jackson National Life Insurance Company of New York agreed to pay $20,500,000 to 21 complainants and furnish other relief to settle a race, national origin, and sex discrimination and retaliation lawsuit brought by the Equal Employment Opportunity Commission.
Level of Government: federal
Action Type: agency action
Agency: Equal Employment Opportunity Commission
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Michigan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.