Mutual Of America To Pay $2.75M To End Self-Dealing Suit

By Grace Elletson · April 17, 2023, 4:09 PM EDT

Mutual of America Life Insurance Co. will pay $2.75 million to resolve a lawsuit alleging it put profits over retirement plan participants' interests by steering their savings toward proprietary investments and...

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Case Information

Case Title

Goldstein et al v. Mutual of America Life Insurance Company

Case Number

1:22-cv-07862

Court

New York Southern

Nature of Suit

Labor: E.R.I.S.A.

Date Filed

September 14, 2022