MetLife Escapes Investors' Annuity Reserve Fraud Claims

By Emilie Ruscoe (January 12, 2021, 5:50 PM EST) -- Insurance giant MetLife and some of its former executives no longer face a proposed securities class action alleging they defrauded investors concerning accounting for its retirement and income solution line of business, a federal judge in Brooklyn said Monday.

In an order Monday, U.S. District Judge Sterling Johnson Jr. dismissed with prejudice a suit brought against MetLife, its retired former chief executive Steven A. Kandarian and the company's former executive vice president and chief financial officer John C.R. Hele. Judge Johnson found that in the latest version of the action, lead plaintiff Labourers' Pension Fund of Central and Eastern Canada had...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!