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LAWSUITS NEWS & LEGAL INFORMATION

The Hartford Financial Services Group, Inc.

The Connecticut and New York Attorney Generals filed a lawsuit against the financial services and insurance company regarding the use of expense reimbursement agreements in its terminal and maturity funding group annuity line of business. The lawsuit was filed on behalf of plan sponsors that purchased terminal or maturity funding annuities between January 1, 1998 and December 31, 2004. The Hartford has agreed to pay a $20 million settlement. (May-10-06)


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Published on May-10-06


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