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In Re: Allstate Life Insurance Company Litigation

  1. September 03, 2014

    $3M Settlement In Ariz. Arena Bond Offering Suit Gets OK'd

    An Arizona federal judge on Tuesday signed off on a $2.75 million settlement resolving claims brought by underwriters and a bevy of individual bondholders in their suit over losses from a $35 million bond offering for an entertainment arena.

  2. June 24, 2013

    Investor Can't Duck Fraud Claims In $35M Arena Bond Row

    An Arizona federal judge on Friday ruled that a shareholder in an arena project must face securities fraud claims lodged by Allstate Life Insurance Co. and Wells Fargo Bank NA over losses from a $35 million bond offering, tossing out the shareholder's bid for an interlocutory appeal.

  3. June 11, 2013

    Stinson Can't Dodge Suit Over $35M Arizona Bond Offering

    An Arizona federal judge on Monday largely denied a summary judgment bid from Stinson Morrison Hecker LLP in a consolidated suit led by Allstate Life Insurance Co. and Wells Fargo Bank NA over alleged misstatements by the firm and others about a $35 million bond offering.

  4. March 01, 2013

    Insurers' Claims Trimmed In $35M Arena Bond Row

    A Canadian entrepreneur scored a partial victory Friday as an Arizona federal judge sliced half the claims from a consolidated suit led by Allstate Life Insurance Co. and Wells Fargo Bank NA over losses from a $35 million bond offering to finance a 5,000-seat arena.

  5. October 11, 2012

    Ariz. Town Can't Shake $35M Bond Suit Led By Allstate

    An Arizona town on Thursday lost its bid to nix two claims from a consolidated suit led by Allstate Life Insurance Co. and Wells Fargo Bank NA, who accuse the town of negligently issuing $35 million in bonds to finance a 5,000-seat arena, but managed to limit the number of eligible bondholders.

  6. December 02, 2011

    Class Cert. Denied In Suit Over Ariz. Town's Bond Losses

    A federal judge refused Friday to certify a class of individual investors who are part of a consolidated suit with Allstate Life Insurance Co. and Wells Fargo Bank NA over losses suffered on $35 million in bonds issued by Prescott Valley, Ariz., to finance a 5,000-seat arena.

  7. November 18, 2011

    Wells Fargo Off Hook For Ariz. Town's Bond Losses

    A federal judge ruled Friday that Wells Fargo Bank NA does not owe a contribution to an Arizona town in a class action over losses suffered on $35 million in bonds, but he refused to nix a common-law indemnification counterclaim.

  8. November 02, 2011

    Allstate Off Hook For Share Of $35M Bond Losses

    A federal judge ruled Tuesday that Allstate Life Insurance Co. does not owe a contribution to an Arizona town for losses the insurer and a putative class suffered on $35 million worth of bonds, but left Allstate on the hook for the town's contractual interference counterclaim.

  9. October 21, 2011

    Allstate Can Sue Over $35M Arena Bonds: Judge

    An Arizona federal judge on Friday refused to toss claims by Allstate Life Insurance Co. and a putative investor class accusing Robert W. Baird & Co. and others of making key omissions in peddling $35 million of bonds for an events center.

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