Judge Richard Story, U.S. District Court for the Northern District of Georgia. (Photo: John Disney/ALM)
The plaintiffs claimed that, instead of paying a lump sum death benefit, MetLife created accounts they could draw on while it pocketed the interest on money it kept in its general account.
July 30, 2019 at 11:38 AM
1 minute read
staff reporter
Lawyers for two classes lawsuits accusing MetLife of holding on to death benefits in order to pocket the accrued interest have reached an $80 million settlement on behalf of nearly 200,000 people.
According to filings docketed Friday in the U.S. District Court for the Northern District of Georgia, the proposed settlements include more than $26 million for the plaintiffs lawyers. The settlements must still be approved by Judge Richard Story.
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