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Bobbitt Settlement Administrator Valic Class Action Lawsuit
|Bobbitt Settlement Administrator Valic Class Action Lawsuit
|Url / Website
Scamdoc Trust Score | Contact / Whois info
|If you had a retirement account with Variable Annuity Life Insurance Company
(VALIC) between April 27, 1998, and April 18, 2003,
You could benefit from a Class Action Settlement
A Federal Court authorized this Notice. This is not a solicitation from a lawyer.
• You have been identified from the records of the Variable Annuity Life Insurance Company (VALIC) as someone who
purchased an individual variable deferred annuity contract, or who received a certificate to a group variable deferred
annuity contract issued by VALIC, or who made an additional investment through such a contract, on or after April 27,
1998, to April 18, 2003, that was used to fund a contributory retirement plan or arrangement qualified for favorable tax
• A settlement has been reached (“Settlement”) with certain lawyers and firms (“Defendants,” see Question 1 for a complete
list) in a class action lawsuit.
• The Settlement provides payments to eligible class members from a Settlement Fund of $32.15 million (plus up to
$1 million in addition for the cost of class notice) that will resolve the Class Action, including your claims as a Class
Member, as described below. The Settlement Fund will be distributed in accordance with a plan of distribution to be
approved by the Court. It is estimated that there are approximately 1.3 million members of the Class.
|Comment / Review
|People have reported that they were receiving letters about a certain settlement that they did not even sign up to be a part of.
it's the "Bobbitt Settlement Administrator Valic Class Action Lawsuit".it was also accompanied with a claim form that you can fill in so you'd get the promised compensation but there are a number of things that are wrong with this:
- They asked for your social security number, now why would they do that, if this was real you'd get the invoice from valic also known as Corebridge Financial and not Rust consulting.
Actually if this was legit then Corbridge would not need to ask for your ssn again through a third party.
-Rust consulting which is the firm in question has done this before where they promised settlements, had people enroll, then either charged them a "return item fee" after their victims checked their settlement checks, or just remained unresponsive and did not follow up on their promises.
-Their customer service line is always busy or unresponsive.
-They may be accreditted by the BBB but you can see for yourself how many people they phished already using the "aha there's a settlement" method through this link :
-Back to the letter that you probably received since you're reading this, there was not a return address nor a return envelope there as well.
In conclusion, they are after your social security number and your personal data, you might get 20 bucks or nothing at all but they won't pick up the phone and no one knows what they'll do with the data they got from you. This is not the first time they make a settlement phishing scam.
Don't give out your information
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