Online Threat Alerts (OTA) - Alerting you to scams and frauds.
I was told if I had a retirement account with Variable Annuity Life Insurance Company (VALIC) between April 27, 1998, and April 18, 2003, I could benefit from a Bobbitt Settlement Administrator VALIC class action lawsuit. I was told to go to www.bobbittsettlement.com to submit a claim. But, I do not know if the website is a scam or if it is legit.
If you know anything about the VALIC settlement class action lawsuit, please share in a comment below.
Check the comment section below for answers or additional information. Share what you know, or ask a question about this article by leaving a comment below.
Online Threat Alerts (OTA) is not affiliated with or endorsed by any trademark owner mentioned in this article. Some of the information in samples in this article may have been impersonated or spoofed.
135
VALIC had name, address, and fingerprints and they sent me claim forms that wanted my social security number which they also had ,so the whole thing seemed scampish to me!!
My name is William C... O... at 253 ... in Ailey, GA 30410. Could you please send me a claim forms? Thank you
When can we expect to receive a settlement.
I would like know how did valic get away with it
I had valic when I first started working for bonsecours maria nursing worked their almost twenty five years and they stole money from my accounts and I had no knowlege of it
I am pretty sure this legit. I remember trying to cash my retirement out from Valic, $6,000 at the time, 17 years ago and I was told I already received the funds. I knew this was a mistake. Waiting to see just like everyone else
was Rensselaer (IN) School Corporation part of the Bobbit class action lawsuit
I have been trying to find out if this is legit, too! I recently received a Class Action Settlement Notice. CV-010242 TUC WDB I am at a loss as to what to do? It asks for my social security number and obviously that threw up a red flag. However, I do want to be included in the lawsuit if I am in fact eligible.
I had a VALIC account when I lived at another address. How did Bobbitt get my new address, the one to which they mailed the claim form? Why do they need my social security number when VALIC records would already have this? This sounds very suspicious. SEC.gov website showed that VALIC was fined for charging excess hidden fees. I searched for newspaper articles on the internet about the lawsuit but very little posts were listed. Also, why does the claim form require my telephone number? Before signing this document and returning it by mail, I am going to continue to investigate the legitimacy of this form. I urge caution to anyone who has received this claim form in the mail. Yes, I have received settlement checks from class action lawsuits previously, and they all sent a prepaid envelope for me to return the claim form. THIS CLAIM FORM DID NOT INCLUDE A RETURN ENVELOPE.
I received a claim form in the mail today. Visiting wwwBobbittsettlement.com now.
My sister and received a form in the mail we hope it's legit because if it's not I will report you to the attorney general's office
Can I receive a form from you involving Valic class action suit
I need the form to apply
I want to know if this is real or a scam because if this is a scam I will report you to the attorney general's office
I received a claim form in the mail today ? Why
I need a claim settlement mail to me please ...
Need more info on my status
Is there a contact person that I can have the phone number for so that I can speak to them and provide them with my social so they could look into the system and find who I am thank you
Please don’t give them your Social Security number until we all know this is not a phishing scam.
I had an account with Valek in Pittsburgh Pennsylvania around 1998 1999 and perhaps further years. I no longer live in Pittsburgh and I don’t recall the name of the gentleman who was my agent. I do not have any information about the numbers that are my account numbers. The only thing right now I can do is give you my Social Security number and see if you see my name and my information in my past Ownership of a variable annuity through Valic
I am one of the lawyers representing the named Plaintiffs in the case. This is a legitimate settlement. The case name and cause number are contained within the notices that you were sent. If you would like to confirm the existence of the case, please call the United States District Court, District of Arizona sitting in Tucson. The cause number of the case is No. CV09-629-TUC-FRZ. Ask to speak with a court clerk that can confirm the existence of the case.VALIC is not the defendant in the case we are settling. Rather, the defendants in this case are law firms that had previously sued VALIC in an underlying case. The lawyers missed some deadlines in the underlying case and it was dismissed as a result. We sued those law firms in this case and their insurers are putting up the settlement money.
Why do you ask for social security number
I did not create the form, the settlement administrator did. However, I am told you do not have to fill in your SSN. Just make sure you provide your current address.
I had a Valic account years back so shouldn’t they have that personal info. Mine got rolled over so I don’t know account number and definitely not mailing out my SS number. Anyone know what to put where it’s asking account number?
Is this a legit settlement class action case?
They have my info. Sending form back with no social security #. Will see what happens. If I am in or out they will let me know.
Do you know the reason why they got sued?
They should notify people by phone. The hospital ORHC should be involved to make it lagetimate. Verify it is true.
My mom was in this when she was working at a hospital. But she passed away a few years ago. Just trying to find out some info on it.
I have not seen the letter yet as my mail is currently delayed from forwarding BUT I did get a call fromy personal VALIC representative yesterday. He's getting a large number of inquiries about this from his clients.It is legit BUT as someone has posted the reality is that the only ones who make anything from class action suits are the lawyers Someone estimated $16 per claim when you do the math. Probably not far from wrong and I will probably ignore it when I actually have the paperwork on hand.
Noticing most everybody questioning the legitimacy of this letter has a medical background and probably a steady reliable job and could be easily scammed for money. If they have my address and found me they have enough information to send me a check. A red flag to me.
Agree
The dates for the class action lawsuit are dates of my employment with DCDS in Castle Rock CO. Since the account was transferred to another retirement plan in 2004, does my Social Security Number serve as my account number for VALIC?
It might well - my old Valic (now AIG) account dates from 1994 with a public university. That said, I'd not put my SSN on the letter but write -confidential- instead. My name and address are not confidential - they have that all ready to send me the letter. The Valic account numbers I provided, would be new information for them if they were data farming, but as I no longer have that Valic/AIG account (rolled over into a new 401k), what could be done with it beyond validating an account of record?
Why when I call the number on the paper,to get information to talk to a person.it sent you to the website, and that not giving you what you need to know.
I investigated the legal cases in question, only to find it's about a bunch of lawyers suing another bunch of lawyers for malpractice. The administrator Rust Consulting of Minneapolis is collecting information on potential claimants. I did not find and record of fraud complaints against Rust Consulting but did see that their approval ratings among people they deal with in generally around 20%, not exactly stellar.I took some time to figure out how much I might gain. with about $21 million after legal fees and expenses, divided among 1.3 million potential claimants, I could make a whopping $16.Now, do I really want to give my SS Number and other personal data to somebody I don't know for a lousy $16? I think not!
The fact that they are asking for my social security number is enough for me not to touch this thing with a 10ft pile. If it was legit, they would already have that information from Valic. No thanks.
The case was settled with the SEC, and Valic agreed to make the payment to investors/clients. However, I have not found a source identifying Bobbit as being assigned as administrator. However, if you think Bobbit is a reputable company, and the addresses seem to match, then a fair judjement can be made.
This made no sense.
Is this a scam? The I do have Valic accounts - not sure of legitimacy of the letter?
Stigler, Oklahoma United States I received letter May 16 no return envelope I had Valic account working for HomeHealthCalled No. on claim form was recording couldn’t get information to talk to real person.Could it be a scam?
Could be valid, could be a scam. Asking for SSN is a big red flag - if I was returning the letter filled in, I'd fill in "confidential" in the space for SSN.Not having a return envelope etc isn't unusual. Class actions always send out a broad notice to cover everyone.. but you as a potential class member then have to OPT IN to be part of the settlement, or else you do nothing and are still in the class and get no further ability to sue. That is how class actions in the US work.Of the several I've been class members of, they never had return envelopes, etc. Some had websites where you could file online but often it was just a postcard I got in the mail directing me to go to a website to read about it. The valid settlements will provide references to the relevant court cases so one can look things up.
Hello, I received the application, I call you to check if I was listed, and I was. Did valid cover employee at Bellflower medical centre.?. Long Beach CA.
All these people that have responded has anyone gotten a reply to validate? People are still checking in, regardless. It would be nice to know the whole scoop.
Even if it is not a scam is it worth the hassle of filling out the form and receiving $50.00
I'm going to file. The form isn't that complicated and $50 is a meal out.
If you give social security number you might lockup and get a lot more than just a meal!!
Is this a scam
Look on www.casemine.com. bobbitt vs Milner LLPI’m not a lawyer but I looked at the above website And it Looks like the case was denied to be a class action suit. UNITED STATES DISTRICT COURT FOR THE DISTRICT OF ARIZONA (18 May 2021)In 2009, Plaintiffs Philip Bobbitt and John Sampson brought the instant class action suit for negligence and breach of fiduciary duty against the Drnek litigation attorneys: Milberg LLP, Melvyn Weiss, Michael Spencer, Janine Pollack, Lee Weiss, and Brian Kerr; Uitz & Associates and Ronald Uitz; the Lustigman Firm, Sheldon and Andrew Lustigman (collectively "Milberg" or "Defendants"). Early in the litigation, Plaintiffs asked the district court to certify the same class of individuals that had previously been certified in the Drnek litigation. Applying the Restatement (Second) of Conflict of Laws, District Judge Frank R. Zapata found that class litigation would be unmanageable because the district court would need to apply the law of every state in which a putative plaintiff was domiciled. Bobbitt v. Milberg, LLP, 285 F.R.D. 424 (D. Ariz. 2012). Judge Zapata thus denied certification. Id.