Los Angeles, CA (PRWEB) September 10, 2013
The three law firms heading up the class action lawsuit against CalPERS have announced the launching of a new website to help people learn more about the case.
The website is http://www.calpersclassactionlawsuit.com and the site contains useful information regarding the lawsuit, the firms involved and more.
The lawsuit (Elma Sanchez et al. v. California Public Employees' Retirement System, case number BC517444, in the Superior Court of the State of California, County of Los Angeles.) alleges that CalPERS mislead over 100,000 retirees over the last 18 years by selling them long term insurance that was underfunded and under duress for a decade. According to court documents, as a result of this underfunding, CalPERS is allegedly raising rates in spite of repeated promises to the contrary and some policy holders will see their rates go up as much as 1000% over the life of the policy. The Los Angeles Times, Sacramento Bee and CBS news all reported on the story on August 6, 2013.
"Thousands of people were duped by CalPERS with promises of no rate increases. We are receiving many calls from CalPERS members asking about the class action litigation," said Shernoff Bidart Echeverria Bentley LLP partner Gregory L. Bentley. "Our hope is that Members will find the website to be a useful tool in obtaining updated information about the case as we proceed along."
To learn more about the lawsuit go to http://www.calpersclassactionlawsuit.com.
About Shernoff Bidart Echeverria Bentley LLP
Shernoff Bidart Echeverria Bentley LLP leads the nation in protecting policyholders from insurance company abuse. The firm has been protecting the rights of insurance consumers, both individuals and businesses, for over 35 years after having set the legal precedent requiring insurance companies to act in good faith.
About Kershaw, Cutter & Ratinoff, LLP
Kershaw, Cutter & Ratinoff, LLP represents injured people and businesses throughout the nation. They are passionate about many things, but above all they are passionate about getting great results for their clients.
About Kreindler & Kreindler LLP
Kreindler & Kreindler LLP has a long record of success in handling complex claims in a variety of civil litigation contexts: medical malpractice, consumer rights issues, securities litigation, business disputes, maritime law and commercial litigation.