Eastern District of New York Judge Jack B. Weinstein has approved a combined $50 million settlement in two class actions that had accused the Metropolitan Life Insurance Co. of making false claims to shareholders in 2000 as part of the company’s attempt to privatize.
Under the agreement, MetLife will pay $32.5 million to a yet-to-be-named health-related non-profit organization, $2.5 million to the National Institutes of Health and a total of $15 million to about two dozen attorneys.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]