Ind. Teachers' Action Over MetLife Options Quashed

Law360, New York (August 7, 2009, 12:54 PM EDT) -- A federal judge has thrown out a putative class action brought by a group of Indiana public school teachers alleging that Metropolitan Life Insurance Co. conspired with a subsidiary of the Indiana State Teachers Association to rig retirement options in the insurer's favor.

Judge Joseph Van Bokkelen of the U.S. District Court for the Northern District of Indiana on Tuesday granted bids by MetLife and ISTA Financial Services Corp. to dismiss the suit, which alleged that MetLife paid ISTA Financial to promote MetLife’s insurance and retirement...
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