Financial Services Industry
Industry: Email Alert RSS FeedLiberty Nat'l Told To Pay $21 M In Age Suit
National Underwriter Life & Health-Financial Services Edition, August, 1998 by D'ALLEGRO, JOSEPH
A federal jury in Tampa, F]a., awarded $21.6 million to seven out of 10 plaintiffs in a collective age-discrimination lawsuit against Liberty National Life Insurance Company, in Birmingham, Ala. The other three plaintiffs lost their verdicts to Liberty.
The plaintiffs, now ranging in age from 45 to 51, are all men who had worked as district managers at Liberty offices in Alabama, Florida, Georgia and Tennessee. They claimed in their joint suit that when the insurer started cutting expenses in 1992, they were pressured to retire because older employees cost more to compensate.
Liberty maintains that it was merely implementing administrative changes in the early- and mid-1990s and did not discriminate against the plaintiffs.
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