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Class Action Filed Against The Variable Annuity Life Insurane Company

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A class action lawsuit has been filed against The Variable Annuity Life Insurance Company ("VALIC") in the United States District Court for the District of Arizona. The class action lawsuit seeks to recover damages for purchasers of the annuity product. The suit alleges that defendants marketed and sold the annuity product by making material misrepresentations and failing to disclose material facts concerning the annuity product.

The proposed class period is January 1974 to present day. Call ourclass action lawyer today if you would like to report fraud or join a current class action lawsuit.