Symmetry financial group is facing a serious lawsuit that is not threatening its brand. The lawsuit has some firm basis if which proven to be true can result in some serious repercussions on the side of the company. The bases of this lawsuit are claims of fraudulent practices committed by the bank. The lawsuit which started like a minor things was initiated by former employees who used to work at the company then followed by other affected clients by the company.
The clients particularly made a very bold claim against the company claiming that symmetry financial group engaged in somewhat deceptive sales tactics. These details include deliberate misrepresentation of financial products by the company as well as well as piling loads of pressure on its employees to meet its sales targets. The force piled on employees of symmetry financial group to meet their sale targets often came at the expense of the client interests according to the plaintiff in the lawsuit.
The Symmetry financial lawsuit is one of a kind and has effectively brought immense scrutiny on the symmetry financial group code of conduct. Some of the aspects of the business that are at stake are the transparency levels at the company as well as the ethical conduct of the company.
The Symmetry Financial Group Lawsuit
The symmetry financial group lawsuit is growing and promises a serious legal encounter in court in the days to come. The main plaintiff in the lawsuit is Manuel Perez who is a former employee at the company. Perez claimed in his lawsuit that the company engaged in some deceptive and misleading sales and marketing practices.
In his lawsuit, Manuel Perez accused symmetry financial group of asking their employees to deliberately manipulate their financial data then resort to the use of high pressure sales approaches to secure deals for the company. This, Perez claims is widely unethical and fully deserving of legal accountability.
The symmetry financial group when made aware of this lawsuit made a swift response to it right away. In the response, the company sought to push forward a motion of removal which is a common legal procedure which moved the lawsuit to the federal court of law. The company did not stop at that, it followed on it with a good number of legal manoeuvres which included extensions requests on the lawsuit and some motions to dismiss some of the claims contained in the lawsuit.
The Status of the Symmetry Financial Group Lawsuit
The symmetry financial group lawsuit was complex with a lot of details. The lawsuit included a lot of legal manoeuvres which later ended in a court ordering the conflicted parties in the lawsuit to settle the matter preferably out of court. There are currently no details on the lawsuit. Should any details come up on the matter, they will be made available as soon as they become available.
Conclusion
The symmetry financial group lawsuit is perhaps the latest indication of the rot that goes on in some of the big companies. The lawsuit accuses symmetry financial group on a number of issues which include serious issues of ethical misconduct. The lawsuit is still ongoing and is yet to be concluded with the final findings still on the way.