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Violation Tracker Individual Record

Company: Aviva USA Corporation
Current Parent Company: Apollo Global Management
Penalty: $185,250,000
Year: 2009
Date: December 18, 2009
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: insurance violation
Violation Description: Aviva agreed to a settle estimated to be worth more than $180 million to settle litigation alleging that its subsidiary American Investors Life Insurance Co. fraudulently marketed annuity products.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Pennsylvania
Civil or Criminal Case: civil
Case ID: 2:05md1712
Case Name: In re: American Investors Life Insurance Co. Annuity Marketing and Sales Practices Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
Source of Data: (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.