UNITED STATES OF DISTRICT COURT WESTERN DISTRICT OF PENNSYLVANIA

Stewart Abramson v. American Advisors Group, et al., 
No. 2:19-cv-01341-MJH

NOTICE OF CLASS ACTION AND PROPOSED SETTLEMENT

TO: All persons in the United States who were called by American Advisors Group, directly or through a third party, between January 1, 2017 and May 1, 2020.

IF YOU ARE A MEMBER OF THIS CLASS OF PERSONS, YOU SHOULD READ THE NOTICE CAREFULLY BECAUSE IT MAY AFFECT YOUR LEGAL RIGHTS AND OBLIGATIONS.

A FEDERAL COURT AUTHORIZED THE NOTICE. THIS IS NOT A SOLICITATION FROM A LAWYER.

A settlement (“Settlement”) has been proposed in the class action lawsuit referenced above pending in the United States District Court for the Western District of Pennsylvania (“Action”). You may be a class member in the proposed Settlement and may be entitled to participate in the proposed Settlement.

The United States District Court for the Western District of Pennsylvania has ordered the issuance of the Notice in this Action. American Advisors Group (“AAG”) denies it did anything wrong and has defended itself throughout the lawsuit. The Court has not decided who is right. Both sides have agreed to settle the dispute to avoid burdensome and costly litigation.

If the Court gives final approval to the Settlement, AAG will create a fund of $3,500,000. If you submit a valid Claim Form, you may be eligible to obtain a share from this fund in the amount of approximately $20.00-40.00 depending on the number of claims that are submitted. The value of a Settlement Class Member’s individual award will depend upon the number of Settlement Class Members who file valid Claim Forms.

Your Legal Rights and Options in this Settlement

Submit A Claim Form

This is the only way to get an award under the Settlement. Click on the File Claim tab of this website to obtain a Claim Form.

Deadline:
August 4, 2020

Exclude Yourself

If you exclude yourself from the Settlement, you will not receive an award under the Settlement. Excluding yourself is the only option that allows you to bring or maintain your own lawsuit regarding the allegations in the Action ever again.

Deadline:
August 4, 2020

Object

You may write to the Court about why you object to (i.e., don’t like) the Settlement and think it shouldn’t be approved. Submitting an objection does not exclude you from the Settlement.

Deadline:
August 4, 2020

Go To The "Fairness Hearing"

The Court will hold a "Fairness Hearing" to consider the Settlement, the request for attorneys' fees and costs of the lawyers who brought the Action, and the Representative Plaintiff's request for a Service Payment for bringing the Action.

You may, but are not required to, speak at the Fairness Hearing about any objection you submitted to the Settlement. If you intend to speak at the Fairness Hearing, you must also submit a “Notice of Intention to Appear” to the Court and the parties’ attorneys, indicating your intent to do so.

Hearing Date:
September 29, 2020
Time: 9:00 a.m.

Do Nothing

You will not receive a Settlement award under the Settlement. You will also give up your right to object to the Settlement, and you will be not be able to be part of any other lawsuit about the legal claims in this case.

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These rights and options—and the deadlines to exercise them—are explained in more detail under the Frequently Asked Questions tab of this website.

The Court in charge of this Action has preliminarily approved the Settlement and must decide whether to give final approval to the Settlement. The relief provided to Settlement Class Members will be provided only if the Court gives final approval to the Settlement and, if there are any appeals, after the appeals are resolved in favor of the Settlement. Please be patient.