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Going to Court
News Story
3/23/2016
Posted by Mark Reback
Insurance companies have the same problem everyone else does -- poor return on their investments. With their investment portfolios lagging, insurers are jacking up premiums, a tactic that is not going down well with consumers. In the latest skirmish, a federal lawsuit filed in Los Angeles says that consumers who bought life insurance from...
News Story
3/23/2016
Posted by Mark Reback
Transamerica along with other insurers have upped costs on in-force policies as they've had to contend with persistently low interest rates Transamerica Life Insurance Co. has been sued for raising the cost of insurance on some universal life insurance contracts, an action plaintiffs allege constitutes a breach of obligations under the...
News Release
3/22/2016
Posted by Harvey Rosenfield
Santa Monica, CA -- Consumers who bought life insurance protection from Transamerica Insurance Company decades ago are now facing a choice between paying enormous increases in their monthly premiums or losing their policies, according to a lawsuit filed in federal court in Los Angeles by consumer advocates on behalf of Transamerica policyholders...
Video
3/21/2016
Posted by Consumer Watchdog Admin
Consumer Watchdog has filed a lawsuit against TransAmerica for unreasonably raising life insurance premiums on policyholders.  Consumers who depend on these policies were sold a phony bag of goods, but in this case it was supposed to protect their lives and families. For more information on this case, go to http://www.consumerwatchdog....
News Story
12/18/2015
Posted by Mark Reback
The U.S. Supreme Court made clear this week that, regardless of what the Constitution says about a consumer's right to sue, businesses are absolutely entitled to block people from banding together and taking a dispute to court. It was the court's latest ruling in favor of arbitration, rather than class-action lawsuits, as a preferred...
News Story
12/15/2015
Posted by Mark Reback
WASHINGTON (Legal Newsline) - On Monday, a majority of the U.S. Supreme Court ruled that a California court must enforce DirecTV's arbitration agreement with customers in the state who claim they were illegally charged cancellation fees. The nation's highest court, in a 6-3 ruling, sided with the satellite cable provider, which is now...
News Story
12/15/2015
Posted by Mark Reback
The Supreme Court's ruling for DirecTV on binding arbitration language in customers' service agreements has little applicability in the real world, "but the consequences are profound" since it marks a landmark reversal of a state court decision on arbitration, on the grounds a state court misapplied state contract law, said...
News Story
12/14/2015
Posted by Mark Reback
California consumers who are angry about being hit with unexpected fees can be forced to air their complaints individually before an arbitrator rather than in a class-action lawsuit, under a decision handed down Monday by the U.S. Supreme Court. The justices by a 6-3 vote overturned a state ruling and threw out a class-action lawsuit against...
News Release
12/14/2015
Posted by Harvey Rosenfield
Santa Monica, CA -- In the latest of a series of decisions closing the courthouse doors on consumers, the U.S. Supreme Court ruled this morning, 6 to 3, that DIRECTV customers in California who were illegally charged “cancellation fees” of up to $480 – often taken directly out of a consumer’s bank account or charged to a...
News Story
12/14/2015
Posted by Mark Reback
WASHINGTON (AP) - The Supreme Court ruled Monday that satellite provider DirecTV can avoid a class action lawsuit in California over early termination fees and force customers into private arbitration hearings instead. In a 6-3 opinion, the justices said that DirecTV's contracts can specifically prohibit customers from banding together to sue...