Ohio National Trailing Commissions Litigation

Are you owed trailing commissions from Ohio National Life?

A company in the business of making promises shouldn't be breaking promises.

Ohio securities lawyers, Dennis Concilla of Carlile Patchen & Murphy LLP and David Meyer of Meyer Wilson, have teamed up to represent advisors throughout the country who are suffering large financial damages as a result of Ohio National Life's decision to stop paying trailing commissions on its existing GMIB variable annuities.

Shortly after Ohio National Life announced on September 28th that it would no longer pay trailing commissions on its GMIB variable annuities, our offices began receiving calls from broker-dealers and individual advisors asking what can be done to protect their rights?

As far as we are aware, securities lawyers, Concilla and Meyer, are the only lawyers representing advisors in these cases who have reviewed and analyzed multiple versions of the selling agreements between Ohio National and broker-dealers relative to the GMIB variable annuities.

On November 6, 2018, our law firms filed the first nationwide class action lawsuit against Ohio National Life on behalf of the thousands of advisors who sold these policies. In response to the filing of the class action lawsuit, attorneys, Meyer and Concilla, have heard from advisors across the country, most of whom are small business owners, who have hundreds of millions of dollars impacted by these GMIB variable annuity policies. They are anxious to be involved and stay informed about the case.

If you are an advisor impacted by Ohio National’s decision to stop paying trailing commissions on existing policies, and if you want to be involved or kept informed about the class action lawsuit, call the law firm of Meyer Wilson at (888) 882-6199, or complete the online form on this page. The impact of Ohio National’s actions on advisors is serious, and Co-Counsel, Dennis Concilla and David Meyer, are committed to fighting to right this wrong.

Case News

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