Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Midland National Life Insurance Company
Current Parent Company: Sammons Enterprises
Penalty: $32,000,000
Year: 2014
Date: September 22, 2014
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: insurance violation
Violation Description: Midland National Life agreed to pay more than $30 million to settle litigation alleging it misled purchasers of annuity products.
Level of Government: federal
Action Type: private litigation
Court: Central District of California
Civil or Criminal Case: civil
Case ID: 2:11cv5858
Case Name: Rosalie Vaccarino v. Midland National Life Insurance Company et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Texas
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: diversified
Specific Industry of Current Parent: diversified
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
Link to Archived Court Document:  subscribe to see this data field
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.