Sun Life Fails To Escape ERISA Death Benefits Suit

Law360, New York (November 19, 2010, 3:56 PM EST) -- A federal judge has refused to throw out a putative class action alleging Sun Life Assurance Co. of Canada violated the Employee Retirement Income Security Act by secretly investing money belonging to life insurance beneficiaries and keeping profits for itself.

Judge Nancy Gertner of the U.S. District Court for the District of Massachusetts denied Sun Life's motion to dismiss the case Thursday. Several other life insurance companies are facing similar allegations in separate lawsuits — one suit against Mutual of Omaha Insurance Co. was just filed...
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