Metlife
Big Business |
Insurance
200 PARK AVENUE, New York, NY 10017
Recent News About Metlife
View More
-
LOS ANGELES — Sending the message that MetLife should have stopped agents who referred clients to an unauthorized investment scheme that could help them buy insurance, a jury awarded approximately $15.6 million to the first of many individuals’ claims earlier this fall.
-
SAN FRANCISCO — MetLife has been found liable after denying a transition in Daniel Demer's benefits in Demer v. IBM Corporation LTD Plan, which was filed in the 9th Circuit Court of Appeals in San Francisco, California.
-
LOS ANGELES – The jury has awarded $15.6 million to the plaintiff in the lawsuit against MetLife, its subsidiaries and a former managing partner, holding the insurance giant responsible for the losses of a woman who invested in what turned out to be a Ponzi scheme.
-
LOS ANGELES – After weeks of testimony in the lawsuit against MetLife and its subsidiary, attorneys delivered their closing arguments and handed the case over to the jury for deliberation, rehashing the facts and pleading for justice.
-
LOS ANGELES – A key MetLife policy that prohibits insurance agents from referring clients to anyone selling unapproved securities should have pulled the plug on any referrals to Diversified Lending Group for premium financing, but corporate manuals didn’t instruct supervisors and agents on how to identify which products were off limits, according to testimony in the trial against MetLife.
-
LOS ANGELES — Two witnesses in the trial against MetLife offered glimpses of what workdays looked like in the financial services office that became entangled with a fraudulent real estate investment fund.
-
LOS ANGELES – After Diversified Lending Group (DLG) became associated with MetLife and one of its subsidiaries in 2004, the number of investment accounts in the real estate fund grew from fewer than 20 to about 800, according to an employee of the company’s marketing arm.
-
LOS ANGELES — In 2006, insurance agent and securities broker James Davidson learned at a meeting about a new product that could be used to sell more insurance, but ultimately would wind up as the basis for legal problems.
-
LOS ANGELES — Despite what have been interpreted as warning signs, Tony Russon testified last week that he continued to trust the owner of Diversified Lending Group during the years that the fund was taking on investors and financing premiums for insurance policies.
-
LOS ANGELES – The plaintiff who claims MetLife and one of its subsidiaries endorsed that turned out to be a fraudulent real estate investment fund choked up as she described the embarrassment she felt when the fund was uncovered as a Ponzi scheme in 2009.
-
LOS ANGELES — Attorneys in the lawsuit against MetLife and its subsidiary grilled a vice president in the insurance giant’s compliance department about policies governing its employees’ activities.
-
LOS ANGELES – In the first week of testimony, attorneys representing Christine Ramirez in the lawsuit against MetLife and its subsidiary have pointed to years of contracts, emails and scheduled seminars, trying to convince jurors that the insurance giant failed to properly train and supervise its representatives who allegedly promoted a fraudulent investment fund, making it responsible for investors’ losses.
