October 30, 2018
Prudential Insurance Co. of America has agreed to a proposed $9 million deal to bring to an end an Employee Retirement Income Security Act suit brought on behalf of more than 6,000 people over life insurance payouts.
April 11, 2018
A panel of Third Circuit judges on Tuesday turned away Prudential Insurance Co. of America's bid for review of a lower court's decision to certify a subclass in an Employee Retirement Income Security Act suit over life insurance payouts.
March 13, 2018
A Pennsylvania federal judge on Monday denied Prudential Insurance's bid to pause court proceedings during the company's Third Circuit appeal of his order certifying a subclass in an Employee Retirement Income Security Act suit over life insurance payouts.
March 01, 2018
The Prudential Insurance Company of America on Wednesday received pushback from a group of beneficiaries on its bid challenging a Pennsylvania federal judge's order certifying a subclass in an Employee Retirement Income Security Act suit over life insurance payouts.
January 29, 2018
A Pennsylvania federal judge agreed on Monday to certify a subclass of Prudential beneficiaries pursuing Employee Retirement Income Security Act claims after being promised life insurance payouts "in one sum" but who were instead allegedly signed up for accounts that allowed the company to retain assets until their withdrawal.
December 08, 2017
A Pennsylvania federal judge issued a mixed ruling in a suit accusing Prudential Insurance Co. of violating the Employee Retirement Income Security Act, granting the beneficiaries a win on their breach of fiduciary duty claim but throwing out state law claims and leaving the alleged ERISA violation up to a jury.
December 14, 2016
A Pennsylvania federal judge on Tuesday reasserted his denial of class certification to a group of life insurance beneficiaries alleging Prudential flouted policy payment language and improperly used beneficiary account balances for its own investments, saying individualized inquiries are required to determine what the proposed class members agreed to.
September 30, 2016
A Pennsylvania federal judge denied class certification Friday to a group of life insurance beneficiaries alleging Prudential flouted policy payment language and improperly used beneficiary account balances for its own investments, expressing doubt that "common questions of law or fact would predominate over individual disputes."