{"id":11737,"date":"2010-07-21T04:59:55","date_gmt":"2010-07-21T08:59:55","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/2010-07-0721-001\/"},"modified":"2018-05-09T18:49:20","modified_gmt":"2018-05-09T22:49:20","slug":"2010-07-0721-001","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/2010-07-0721-001\/","title":{"rendered":"Suit Against LTC Financial Partners Dropped, Industry Leader Reports"},"content":{"rendered":"<p>KIRKLAND, Wash., July 21 (SEND2PRESS NEWSWIRE) &#8212; A suit against LTC Financial Partners LLC (LTCFP), the nation&#8217;s largest producer-owned long term care insurance agency, has been dropped, the company reports today. The suit, for more than a million dollars, was by a former agent, Linda Caruthers of Richmond, Virginia, who was seeking compensation for providing an introduction that helped land a large account.<\/p>\n<p> &#8220;We considered Caruthers&#8217; suit to be legally frivolous, and we don&#8217;t pay frivolous claims,&#8221; says Cameron Truesdell, CEO of LTC Financial Partners. &#8220;So we fought it. Eventually Caruthers saw she couldn&#8217;t win and withdrew her suit.&#8221;<\/p>\n<p> &#8220;We have an established written policy that defines the compensation for this kind of introduction,&#8221; says Truesdell. &#8220;She was told about it when she came on board, but later decided she wanted more. That wouldn&#8217;t have been fair to the other shareholders, many of whom are also producers.&#8221;<\/p>\n<p> Caruthers has been paid more than $48,000 for the introduction, at the rate specified in the written policy. &#8220;It&#8217;s a shame, but my guess would be that all $48,000 and more was spent on legal fees,&#8221; says Truesdell.<\/p>\n<p> He adds, &#8220;One of the advantages of joining LTC Financial Partners is that if you have an introduction to an account like this, the finder&#8217;s fees can be quite lucrative. And it&#8217;s extra income above and beyond the normal compensation from commissions, renewals and equity.&#8221;<\/p>\n<p> The company&#8217;s Web site is <a href=\"http:\/\/www.ltcfp.com\" target=\"_blank\">www.ltcfp.com<\/a>.<\/p>\n<p>News issued by: LTC Financial Partners LLC<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.send2press.com\/wire\/images\/10-0721-ctruesdell_72dpi.jpg\" width=\"500\" height=\"375\" alt=\"LTC Financial Partners LLC\"\/><\/p>\n<p><small>Original Image: <a href=\"https:\/\/www.send2press.com\/wire\/images\/10-0721-ctruesdell_72dpi.jpg\" class=\"autohyperlink\" rel=\"nofollow\">https:\/\/www.send2press.com\/wire\/images\/10-0721-ctruesdell_72dpi.jpg<\/a><\/small><\/p>\n<p> # # # <\/p>\n<p><small>Original Story ID:  (6123) :: 2010-07-0721-001<\/small><\/p>\n<p><small>Original Keywords: LTC Financial Partners LLC, Linda Caruthers lawsuit, CEO Cameron Truesdell, long term care insurance agency LTC Financial Partners LLC Kirkland Washington KIRKLAND, Wash.<\/small><\/p>\n<p><small>Alternate Headline: Lawsuit by Linda Caruthers Against LTC Financial Partners Dropped<\/small><\/p>\n<p><small><strong>NEWS ARCHIVE NOTE:<\/strong> this archival news content, issued by the news source via Send2Press Newswire, was originally located in the Send2Press&reg; 2004-2015 2.0 news platform and has been permanently converted\/moved (and redirected) into our 3.0 platform. Also note the story &#8220;reads&#8221; counter (bottom of page) does not include any data prior to Oct. 30, 2016. This press release was originally published\/issued: Wed, 21 Jul 2010 04:59:55 +0000<\/p>\n<p><\/small><\/p>\n","protected":false},"excerpt":{"rendered":"<p>KIRKLAND, Wash. (SEND2PRESS NEWSWIRE) &#8212; A suit against LTC Financial Partners LLC (LTCFP), the nation&#8217;s largest producer-owned long term care insurance agency, has been dropped, the company reports today. The suit, for more than a million dollars, was by a former agent, Linda Caruthers of Richmond, Virginia, who was seeking compensation for providing an introduction that helped land a large account.<\/p>\n","protected":false},"author":9780,"featured_media":11738,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,38,105,546,25,19,354],"tags":[],"class_list":["post-11737","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-finance-news","category-insurance-news","category-kirkland-news","category-legal-and-law-news","category-us-news","category-washington-state-news","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":3311,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/11737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/9780"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=11737"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/11737\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/11738"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=11737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=11737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=11737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}