MetLife Faces Potential Class Action Suit

Law360, New York (February 2, 2007, 12:00 AM EST) -- Metropolitan Life Insurance Company is facing a potential class action lawsuit after a former client accused the life insurer of forcing its agents to sell its own mutual funds and insurance policies if they wanted to keep their jobs.

Robert L. Thomas filed the lawsuit seeking class action status on Wednesday, accusing MetLife and its subsidiaries, MetLife Securities Inc. and MetLife Investments Advisors Company LLC, of violations of federal securities laws and state insurance sales laws; breach of fiduciary duties; and deceptive trade practices.

According to...
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