Lincoln, ex-agent, settle on mediator for lawsuit over FIA returns

July 25, 2023 by John Hilton

Lincoln Financial and nine plaintiffs – including a former Lincoln agent – suing over fixed indexed annuity performance agreed on a mediator to settle the dispute.

Both sides accepted John DeGroote of DeGroote Partners, a Dallas mediation and arbitration firm, according to court documents.

The parties were ordered to name a mediator, or state that they cannot agree on one, by July 11, by U.S. District Judge Ed Kinkeade. The judge closed the case until he rules on motions to dismiss.

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Originally Posted at InsuranceNewsNet on July 10, 2023 by John Hilton.