Top News

Unanimous verdict sides with plaintiff in suit against MetLife, awards $15.6 million

Taryn Phaneuf Sep. 1, 2016, 12:36pm

LOS ANGELES – The jury has awarded $15.6 million to the plaintiff in the lawsuit against MetLife, its subsidiaries and a former managing partner, holding the insurance giant responsible for the losses of a woman who invested in what turned out to be a Ponzi scheme.

State Bar will swear in newly elected executive officers in October

Kerry Goff Aug. 28, 2016, 7:51pm

SAN FRANCISCO – The board of trustees has elected James P. Fox as president of the State Bar of California for the 2016-2017 year.

Defense wraps up testimony in MetLife case

Taryn Phaneuf Aug. 26, 2016, 7:51pm

LOS ANGELES – A key MetLife policy that prohibits insurance agents from referring clients to anyone selling unapproved securities should have pulled the plug on any referrals to Diversified Lending Group for premium financing, but corporate manuals didn’t instruct supervisors and agents on how to identify which products were off limits, according to testimony in the trial against MetLife.

Office assistant testifies Russon pushed DLG as an opportunity for insurance customers

Taryn Phaneuf Aug. 26, 2016, 9:20am

LOS ANGELES — Two witnesses in the trial against MetLife offered glimpses of what workdays looked like in the financial services office that became entangled with a fraudulent real estate investment fund.

Former insurance agent says DLG owner 'deceived' his boss

Taryn Phaneuf Aug. 14, 2016, 3:59pm

LOS ANGELES — In 2006, insurance agent and securities broker James Davidson learned at a meeting about a new product that could be used to sell more insurance, but ultimately would wind up as the basis for legal problems. 

Insurance agents' supervisor: 'Friedman owed me money' but kept quiet about it

Taryn Phaneuf Aug. 14, 2016, 3:24pm

LOS ANGELES — The plaintiff's lawyers spent days working to show how Tony Russon, the head of a MetLife subsidiary, stood by while the owner of an investment fund offering premium financing for insurance customers sold himself as a wealthy individual with a solid business.

San Rafael attorney disbarred for unauthorized practice in up to 400 cases

Kerry Goff Aug. 14, 2016, 3:00pm

SAN RAFAEL -- A California attorney has been disbarred, because he actively represented 300 to 400 trademark cases before the U.S. Patent and Trademark Office (USPTO) despite not being able to practice in this area of law. 

MetLife compliance officer testifies in investment fraud case

Taryn Phaneuf Aug. 7, 2016, 10:45pm

LOS ANGELES — Attorneys in the lawsuit against MetLife and its subsidiary grilled a vice president in the insurance giant’s compliance department about policies governing its employees’ activities.

Former Polycom CEO settles with SEC for alleged failure disclose corporate perks

Rebecca Campbell Apr. 27, 2016, 3:00pm

SAN FRANCISCO – The federal government is cracking down on companies - and their executives - who fail to disclose corporate perks.