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Patel v. New York Life Insurance Company
Case Number:
1:11-cv-04895
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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May 22, 2012
New York Life Can't Duck Policyholder's Interest Rate Suit
The New York Life Insurance Co. must face a putative class action alleging it breached contracts with policyholders by pushing them into accounts that offered lower interest rates than other options, a New York federal judge ruled Monday.
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September 23, 2011
NY Life Says Breach Suit Over Policy Payment Flawed
The New York Life Insurance Co. on Friday moved to dismiss a proposed class action alleging breach of contract over the way it pays out policies, arguing that despite the named plaintiff's challenge to the method of payment, the insurer paid the policy in full.