Cook County Record

Tuesday, August 20, 2019

Life insurance company, others sued over employee benefit programs

By Joel Brakken | Jan 30, 2014

Three people and a company are suing over claims they were recommended unsuitable employee benefit programs.

Stephen McClure, Mark McClure, Carolyn Robinson and International Plastics Inc. filed a lawsuit Nov. 25 in the Cook County Circuit Court against Fidelity Security Life Insurance Co., CJA & Associates Inc., Raymond Ankner, Fifth Third Bank, Jason Freeman and J. Freeman & Associates Inc.

The suit alleges common law fraud, negligence, negligent misrepresentation and unjust enrichment, among other claims.

According to the complaint, the defendants used a pre-packaged program designed and administered to induce the plaintiffs to establish employee benefit programs.

The plaintiffs claim the pre-packaged recommendations promised they would receive tax breaks for their business and secure large retirement benefits for plan participants.

They claim the defendants knew or should have known the investments they recommended were wholly unsuitable and the cost far exceeded any potential benefits.

The plaintiffs are seeking more than $50,000 in damages and are being represented in the case by Anthony R. Rutkowski of Rutkowski Law Group in Chicago.

Cook County Circuit Court Case No. 2013L013514.

This is a report on a civil lawsuit filed at the Cook County Courthouse. The details in this report come from an original complaint filed by a plaintiff. Please note that a complaint represents an accusation by a private individual, not the government. It is not an indication of guilt, and it represents only one side of the story.

Want to get notified whenever we write about ?

Sign-up Next time we write about , we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

More News