MassMutual Can't Exit MDL Over Unit's Risky Investments

Law360, New York (January 19, 2012, 5:26 PM EST) -- A federal judge in Colorado on Wednesday denied Massachusetts Mutual Life Insurance Co.'s request for reconsideration of an earlier ruling that required the insurer to remain a defendant in multidistrict litigation against its OppenheimerFunds Inc. unit.

U.S. District Judge John L. Kane ruled that MassMutual was merely attempting to bring up some of its earlier arguments that the statute of limitations had expired on the plaintiffs' claims against the Springfield, Mass.-based insurer. Judge Kane had denied MassMutual's motion to dismiss based on statute of limitation issues...
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