Texas insurance agents allege Transamerica Life Insurance owes more than $2.1 million in commissions

By Noddy A. Fernandez | Jan 4, 2019

DALLAS (Legal Newsline) – A Texas individual and limited liability company allege they are owed millions for commissions by an insurance company.

Agentra LLC and David E. Lindsey filed a complaint on Dec. 14 in the U.S. District Court for the Northern District of Texas Dallas Division against Transamerica Life Insurance Co. alleging breach of contract and fraud.

According to the complaint, the defendant allegedly had its most-effective agents sell "thousands" of policies in states where the defendant knew such products were not permitted by law. The suit states the defendant's legal department placed a hold on all commissions as a result.

The plaintiffs, who are licensed insurance agents for the defendant, allege they sold millions of dollars' worth of policies nationwide and commissions withheld from them total more than $2.1 million.

The plaintiffs hold Transamerica Life Insurance Co. responsible because the defendant allegedly breached the agreements by refusing to pay plaintiffs' rightfully earned commissions.

The plaintiffs seek judgment for compensatory and exemplary damages, costs, attorneys' fees, costs and such other relief the court may deem just and proper. They are represented by William S. Richmond and Andrew E. Lin of Platt Cheema Richmond PLLC in Dallas.

U.S. District Court for the Northern District of Texas Dallas Division case number 3:18-cv-03303-K

Want to get notified whenever we write about any of these organizations ?

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

Organizations in this Story

Platt Cheema Richmond PLLC U.S. District Court for the Northern District of Texas Dallas Division

More News

The Record Network