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Clark Bloss & McIver, PLLC Announces Class Action Lawsuit Against CNA Financial Corp., Retirement Accounts, Inc., and FISERV, Inc.


Business Editors & Legal Writers

ROANOKE, Va.--(BUSINESS WIRE)--Dec. 4, 2001

Notice to All Persons Who Purchased Interests in "Senior Capital

Notes" Through The Charterhouse Charterhouse [Fr.,=Chartreuse], in London, England, once a Carthusian monastery (founded 1371), later a hospital for old men and then a school for boys, endowed in 1611. The school, which became a large public school, was removed (1872) to Godalming, Surrey. W. M.  Group, Ltd., Roanoke, Virginia Roanoke is an independent city located in the Commonwealth of Virginia. The city of Roanoke is adjacent to the city of Salem and the town of Vinton and is otherwise surrounded by, but politically separate from, Roanoke County.  

A putative class action, Reverend Allen E. Smith v. CNA Financial Corporation, et al., File No. 7:01CV00653, has been commenced in the United States District Court for the Western District of Virginia The United States District Court for the Western District of Virginia is a United States district court which is seated in the following locations in Virginia:

  • Abingdon
  • Big Stone Gap
  • Charlottesville
  • Danville
  • Harrisonburg
  • Lynchburg
  • Roanoke
 against CNA Financial Corporation and two of its subsidiaries, Continental Corporation and Continental Insurance Company (collectively, "CNA (Certified NetWare Administrator) See Novell certification. "), and also against Retirement Accounts, Inc., (RAI rai  
n.
A form of popular Algerian music combining traditional Arabic vocal styles with various elements of popular Western music and featuring outspoken, often controversial lyrics.
) and FISERV, Inc., its parent corporation.

The named plaintiff, Reverend Allen E. Smith, through his counsel, David M. Clark and John F. Bloss of Clark Bloss & McIver, PLLC PLLC Professional Limited Liability Company
PLLC Polk Life and Learning Center (Bartow, FL)
PLLC Partners of Limited Liability Corporation
, Greensboro, NC, alleges that the sale of bogus "Senior Capital Notes" by The Charterhouse Group, Ltd., was aided and abetted by the use of false or misleading statements indicating that payment of the notes was assured by virtue of insurance policies issued by CNA, and that CNA knew or should have known of the misleading statements and did nothing to stop them.

It is further alleged that RAI aided and abetted fraud practiced by two Florida corporations, First Capital Services, Inc., and U.S. Capital Funding, Inc., because it continued to place tax exempt assets belonging to class members in those corporations when it knew, or should have known, that the investments were shams.

Members of the putative class include all persons who purchased interests in Senior Capital Notes through Charterhouse between February 11, 1997, and February 10, 2000. Notice is hereby given that any member of the putative class may move the Court to serve as lead plaintiff of the class not later than sixty days after the date of this publication. Any such motion should be filed with the Clerk of Court Clerk of Court clerk nProtokollführer(in) m(f)  for the United States District Court for the Western District of Virginia, the Poff Federal Building, 210 Franklin Road, S.W., Room 378, Roanoke, VA, 24011.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Dec 4, 2001
Words:324
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