3 December – LAWFUEL – The Law News Network – On November 29, 2005, Skadden won final approval on behalf of American Equity Investment Life Insurance Company from the U.S. Court of Appeals for the 11th Circuit of a nationwide class action settlement and received a permanent injunction against the primary objector in the case. The final approval of the settlement in Strube v. American Equity Investment Life Insurance Company, brings both the federal nationwide class action and the national class action filed by the objector in Kentucky state court to a simultaneous and successful conclusion.
The settlement, which received overwhelming approval from the class, settles and releases claims relating to the marketing and sale of equity indexed annuities and covers approximately 23,000 American Equity policyholders nationwide.
