Month: January 2012
Although immediate annuities are oftentimes sold as a simple, straightforward, guaranteed investment, they can be packaged with many different forms and features. For example, Immediate annuities such as variable annuities are hybrid products, given their dual characteristics of being both insurance products and securities products. Immediate annuities and immediate annuity products packaged in a variable […]Read Post
New York small investors score victory in Assured Guaranty (UK), Ltd. v. J.P. Morgan Investment Management, Inc. As a follow up to our earlier blog dated August 1, 2011, on December 20, 2011 New York State Court of Appeals affirmed the order of the lower court dismissing the efforts of J.P. Morgan Investment Management, Inc., […]Read Post
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