If TIAA-CREF illegally skimmed money from your TIAA or CREF variable annuity account, then visit TIAA-CREF-Lawsuit.com to get refund from TIAA-CREF Lawsuit Settlement.
TIAA-CREF (Teachers Insurance and Annuity Association – College Retirement Equities Fund) is leading retirement provider for people who are work in the field of academic, research, medical and culture. Now, class action lawsuit has been filed against this organization claims that it illegally skimmed money from the accounts of instructors at private colleges and universities around the country. So if you had an account with TIAA-CREF between August 17, 2003 and May 9, 2013 and requested a transfer or distribution of funds detained in a TIAA or CREF variable annuity account covered by ERISA, and those funds did not transfer or distribute within seven days of the date the account was esteemed and you were denied the investment profits, then you are eligible to get refund from the retirement account class action settlement.
Under class action lawsuit settlement, TIAA-CREF has agreed to pay more than $19.5 million to all eligible instructors. The TIAA-CREF class action lawsuit was filed in 2009 and alleged that the defendants failed to pay their customers investment profits made by their funds after customers requested that the funds be transferred or returned. However, the defendants reject the claims although agreed to settle the class action lawsuit to stay away from the expense and doubt of ongoing litigation.
Not only TIAA-CREF but also several other defendants are included in the retirement fund class action lawsuit like College Retirement Equities Fund, Teachers’ Insurance and Annuity Association of America, TIAA-CREF Investment Management LLC, Teachers Advisors Inc. and TIAA-CREF Individual and Institutional Services LLC.
Class member will get refund on the basis of investment products related with their investments in CREF and/or TIAA variable annuity accounts all through the period from the Effective Date of the Class Member’s withdrawal or transfer request and date on which the defendants processed the withdrawal or transfer.
Case Name: Bauer-Ramazani v. Teachers Insurance and Annuity Association of America – College Retirement and Equities Fund (TIAA-CREF) et al. Case No. 1:09-cv-00190, in the U.S. District Court for the District of Vermont
Claims Administrator:
TIAA-CREF (Teachers Insurance and Annuity Association – College Retirement Equities Fund) is leading retirement provider for people who are work in the field of academic, research, medical and culture. Now, class action lawsuit has been filed against this organization claims that it illegally skimmed money from the accounts of instructors at private colleges and universities around the country. So if you had an account with TIAA-CREF between August 17, 2003 and May 9, 2013 and requested a transfer or distribution of funds detained in a TIAA or CREF variable annuity account covered by ERISA, and those funds did not transfer or distribute within seven days of the date the account was esteemed and you were denied the investment profits, then you are eligible to get refund from the retirement account class action settlement.
Under class action lawsuit settlement, TIAA-CREF has agreed to pay more than $19.5 million to all eligible instructors. The TIAA-CREF class action lawsuit was filed in 2009 and alleged that the defendants failed to pay their customers investment profits made by their funds after customers requested that the funds be transferred or returned. However, the defendants reject the claims although agreed to settle the class action lawsuit to stay away from the expense and doubt of ongoing litigation.
Not only TIAA-CREF but also several other defendants are included in the retirement fund class action lawsuit like College Retirement Equities Fund, Teachers’ Insurance and Annuity Association of America, TIAA-CREF Investment Management LLC, Teachers Advisors Inc. and TIAA-CREF Individual and Institutional Services LLC.
Class member will get refund on the basis of investment products related with their investments in CREF and/or TIAA variable annuity accounts all through the period from the Effective Date of the Class Member’s withdrawal or transfer request and date on which the defendants processed the withdrawal or transfer.
Highlights of TIAA-CREF Lawsuit Settlement:
Official webpage: http://tiaa-cref-lawsuit.comCase Name: Bauer-Ramazani v. Teachers Insurance and Annuity Association of America – College Retirement and Equities Fund (TIAA-CREF) et al. Case No. 1:09-cv-00190, in the U.S. District Court for the District of Vermont
Claims Administrator:
TIAA-CREF Lawsuit Administrator
P.O. Box 3770
Portland, OR 97208-3770
1-877-538-8889
Important dates:P.O. Box 3770
Portland, OR 97208-3770
1-877-538-8889
- Exclusion Deadline: July 21, 2014
- Objection Deadline: July 21, 2014
- Fairness Hearing: September 3, 2014
Tucker Ronzetti
Kozyak, Tropin & Throckmorton, P.A.
2525 Ponce de Leon Blvd., 9th Floor
Miami, Florida 33134
Defense Counsel:Kozyak, Tropin & Throckmorton, P.A.
2525 Ponce de Leon Blvd., 9th Floor
Miami, Florida 33134
Shannon Barrett
O’Melveny & Myers, LLP
1625 Eye St., N.W.
Washington, D.C. 20006
O’Melveny & Myers, LLP
1625 Eye St., N.W.
Washington, D.C. 20006
So, it was settled and I got a check for about two dollars. TIAA CREF transferred the last $37,000 of my retirement plan to my employer's new retirement account handler over the course of five years. I think that was in a pretty good time for the economy so I imagine TIAA CREF made more than two dollars off my $37,000. I just read the lawsuit was settled for $19.5 million to be divided up by 59,000 people. That should be $330 each, still not what my $37,000 made for them.
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