Scott+Scott appointed Co-Lead Counsel in Securities Class Action Against Equitable Financial Life Insurance Company on behalf of investors.
Scott+Scott has recently been appointed Co-Lead Counsel in a securities class action filed on behalf of those who between July 15, 2019 and July 18, 2022 invested in and/or made contributions to an EQUI-VEST variable annuity. The action, pending in the United States District Cout for the Southern District of New York, alleges that Equitable Financial Life Insurance Company charged investors undisclosed fees on their EQUI-VEST variable annuities in violation of §10(b) of the Securities Exchange Act of 1934, 15 U.S.C. §78j(b), and Rule 10b-5, promulgated thereunder, 17 C.F.R. §240.10b-5. EQUI-VEST variable annuities are often sold to public school teachers and other employees of public-school districts within defined-contribution retirement plans.
If you purchased an EQUI-VEST variable annuity and would like to find out more about this lawsuit and whether you may be eligible for compensation, please visit the following website: https://scott-scott.com/cases/equitable-financial-life-insurance-company/
The case is: Devlin v. Equitable Financial Life Ins. Co., Case No. 1:25-CV-3283 (VM).