September 30, 2024
MetLife lost its bid for an early win Monday in a federal benefits lawsuit from pensioners alleging the company lowballed their annuity payouts by using outdated mortality data when making conversions, with a New York federal judge concluding that disputes over actuarial assumptions should proceed to trial.
November 30, 2023
The Second Circuit turned away Metropolitan Life Insurance Co.'s push to immediately challenge a decision certifying a class of 1,800 workers who said faulty mortality estimates caused them to get shortchanged on retirement benefits.
September 08, 2023
A group of Metropolitan Life Insurance Co. employees who accused the company of shorting their retirement benefits by using outdated mortality estimates can proceed with their suit as a class, a New York federal judge said, ruling the court doesn't need to verify the workers' calculations to grant class certification.
March 20, 2023
A New York federal judge recommended granting certification to a pair of subclasses of Metropolitan Life Insurance Co. employees who accused the company of lowballing their pension benefits because it used outdated mortality estimates, saying the proposed members all suffered from the same actions.
February 22, 2022
A group of former Metropolitan Life Insurance Co. employees has asked a New York federal court to certify a class of over 1,800 retirees who were allegedly shortchanged on pension benefits because of outdated mortality estimates.
June 15, 2021
A New York federal court refused to throw out a proposed class action accusing Metropolitan Life Insurance Co. of shortchanging workers on benefits by using outdated mortality estimates, letting most of the retirees' case move forward.
August 13, 2019
Two Metropolitan Life Insurance Co. retirees said a recent Texas federal judge's ruling denying American Airlines' bid to escape an Employee Retirement Income Security Act suit bolsters their own proposed class action claiming MetLife used an outdated mortality estimate when calculating their benefits.
June 14, 2019
Metropolitan Life Insurance Co. wants a New York federal judge to toss a suit claiming it used an outdated mortality estimate when calculating benefits for its plans, saying the proposed class hasn't shown that the company violated the Employee Retirement Income Security Act.
February 22, 2019
Metropolitan Life Insurance Co. has urged a New York federal judge to toss a case alleging its method for calculating certain retirement benefits violated the Employee Retirement Income Security Act, arguing that the retirees didn't explain what was wrong with MetLife's methodology.
December 04, 2018
Metropolitan Life Insurance Co. and its benefits committee were hit with a proposed class action in New York federal court Monday alleging they shortchanged workers by using out-of-date mortality rates to calculate certain alternative retirement benefits in violation of the Employee Retirement Income Security Act.