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Welcome to the Bobbitt v. Milberg Settlement Website

If you had a retirement account with Variable Annuity Life Insurance Company (VALIC) between April 27, 1998, and April 18, 2003, you could benefit from a Class Action Settlement.

*** January 2024 Update – Payments were mailed on January 31^st, 2024, to Settlement Class Members who filed a valid and timely claim form. Payments were calculated according to the Plan of Distribution approved by the Court, by calculating the average balance for all contributory retirement accounts the Settlement Class Member maintained with VALIC during the Class period and comparing that to the total average of VALIC account balances for every Settlement Class Member to determine each Class Member’s percentage share of the Net Settlement Funds. If you have questions about your award, you can email us at info@bobbittsettlement.com.

*** This is the only judicially approved Settlement Website for the Bobbitt v. Milberg Settlement. Please do not rely on information from any other site. You may review the documents that are on file with the Court HERE, which confirm this is a valid Settlement. ***

You are a class member if you purchased an individual variable deferred annuity contract, or received a certificate to a group variable deferred annuity contract issued by VALIC, or made an additional investment through such a contract, on or after April 27, 1998, to April 18, 2003, that was used to fund a contributory retirement plan or arrangement qualified for favorable tax treatment.