Clear Spring Life and Annuity Company Investigation

Kessler Topaz is currently investigating potential claims on behalf of individuals who purchased annuities from Clear Spring Life and Annuity Company between February 1, 2026, and June 26, 2026.

Specifically, our investigation concerns whether Clear Spring violated state securities laws as well as breached its contractual obligations to purchasers by misrepresentations about the assets including during the time period when the purchasers could have surrendered the annuity without any penalty.

Between February 1, 2026 through June 26, 2026, Clear Spring underreported the assets that has been invested with related parties tied to parent company TWG Global and Mark Walter’s business empire. In June 2026, following a federal grand jury subpoena and a parallel investigation by the U.S. Securities and Exchange Commission, Clear Spring announced that it had reclassified a substantial portion of its private credit investments, revealing that as much as 59% of assets had been invested with affiliated entities.

Contact us today if you have (or had) an account with Clear Spring Life and Annuity Company as we would like the opportunity to discuss with you this investigation and your rights as a potential class member. You can fill out our online form below, call us at 484-270-1453 or email us at [email protected].