Wolf Haldenstein Adler Freeman & Herz LLP of New York has filed a class action lawsuit in New York Supreme Court against Prudential Securities and affiliates of the AEGON group of companies on behalf of investors who purchased annuities used to fund qualified retirement plans.

The lawsuit alleges that Prudential Securities and the AEGON affiliates breached their fiduciary duties, violated the state deceptive acts and practices statute, and committed common law fraud and negligent misrepresentation in their marketing and sale of deferred annuities in qualified tax-deferred retirement accounts, according to Wolf Haldenstein Adler Freeman & Herz.

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