Overview
Absent an appropriate defense strategy, class actions can move from distracting, to unmanageable, to crippling — or worse. Consistent with the complexity and high stakes that define this area of law, Faegre Drinker fields a team of lawyers dedicated to insurance class actions. We are one of a small number of firms that offers this kind of focused counsel. Our team members are among the most experienced and preeminent practitioners in the nation, boasting an impressive record of safeguarding clients’ reputational and financial standing. We have successfully represented life insurance and annuity issuers in hundreds of class action suits — including those rising to “bet the company” proportions. We work strategically to counter claims brought by aggressive adversaries in hostile courts and have served as lead counsel in coordinating the defense of numerous parallel state and federal civil and regulatory challenges to sales practices and nonguaranteed benefit determinations. We also represent insurers and employee benefits plan sponsors in defending fiduciary duty and prohibited transaction claims under ERISA.