RICK LYLE PHILLIPS is currently employed as a Broker and/or Investment Adviser at NYLIFE SECURITIES LLC located at 1175 BLACKTAIL LOOP, BUTTE, MT, 59701.
RICK LYLE PHILLIPS has worked at NYLIFE SECURITIES LLC since January 06, 1984
Date: July 27, 2000 Category: Customer Dispute Allegations: PLAINTIFFS ALLEGE I MISREPRESENTED THE TERMS, CONDITIONS, OR BENEFITS CONTAINED IN THEIR POLICIES FOR THE PURPOSE OF INDUCING THE PLAINTIFFS TO CONVERT THEIR POLICIES, RESULTING IN A LOSS OF THEIR ENTIRE CASH VALUE. PLAINTIFFS ALSO ALLEGE MISREPRESENTATION OF PREMIUM PAYMENT REQUIREMENTS AND WRONGFUL REPLACEMENT COINCIDENT WITH SUCH MISREPRESENTATION. EXACT AMOUNT OF ALLEGED COMPENSATORY DAMAGES IS TO BE DETERMINED AT TRIAL. NO SPECIFIC DOLLAR AMOUNT OF ALLEGED COMPENSATORY DAMAGES IS STATED IN THE COMPLAINT. THE DOLLAR FIGURE STATED BELOW REPRESENTS THE APPROXIMATE AMOUNT OF PREMIUMS PAID ON THE POLICIES IN QUESTION TO DATE. THE PLAINTIFF SEEKS BOTH COMPENSATORY AND PUNITIVE DAMAGES. Damage Amount Requested: $23,850.00 Settlement Amount: $111,000.00
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