Earlier this year we reported on MetLife’s failure to pay retirees to whom it owed benefits resulting from pension de-risking transfers. A lawsuit has now been filed against MetLife by Edward Roycroft, a former Martindale-Hubbell employee who retired in 1999. Roycroft was supposed to receive his benefits in 1999, but MetLife did not pay him his benefits until 2013. Styled as a class action, the lawsuit includes claims of conversion and unjust enrichment and alleges damages to the class in excess of $500 million. The case is styled as Roycroft v. MetLife, Inc., 18-cv-05481 (S.D.N.Y.). The Commonwealth of Massachusetts, Securities Division, has also charged MetLife with fraud for making materially misleading statements in public filings causing harm to investors.
https://secureservercdn.net/184.108.40.206/umw.66a.myftpupload.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpg 0 0 lisa https://secureservercdn.net/220.127.116.11/umw.66a.myftpupload.com/wp-content/uploads/2019/07/Edward-Stone-Law-Logo-Web-1.jpg lisa2018-07-05 09:03:192018-11-20 14:08:04Lawsuit Filed in the Wake of MetLife’s Failure to Keep Track of Retirees