MetLife Gets Approval For $32.5M Race Bias Settlement
Law360, New York (July 3, 2017, 5:54 PM EDT) -- A New York federal judge has approved a $32.5 million settlement ending a proposed class action alleging MetLife Securities Inc. gives black financial services representatives few chances to team up with their colleagues, keeps them from getting good accounts and restricts their training opportunities.
U.S. District Judge William Pauley III signed off on the settlement, which pays $7.15 million to class counsel Stowell & Friedman Ltd. and $25.35 million to about 690 class members, on June 27.
Lead plaintiff Marcus Creighton, who worked for MetLife in Illinois from 2001 until October 2014, filed suit in May 2015 alleging the company violates...
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