NY Life Insurance To Pay $3.4M To Settle TCPA Suit

By Shayna Posses (February 23, 2017, 1:59 PM EST) -- A small business has asked a New York federal court for preliminary approval of a nearly $3.4 million deal resolving a proposed class action alleging that New York Life Insurance Co. violated the Telephone Consumer Protection Act with telemarketing calls made using an automatic dialing system.

Under the deal, the mutual life insurance company will pay $3.35 million into a settlement fund to benefit the 25,830 proposed class members, consisting of people and entities that received autodialed calls promoting New York Life services to their cellphone numbers or residential numbers on the National Do Not Call List, according to named plaintiff...

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