Class settlements in employee benefit disputes hit $449 million in 2019, up significantly from 2018 and nearly reaching 2017 levels, a Bloomberg Law analysis found.
Metropolitan Life Insurance Co., Massachusetts Institute of Technology, and Anthem Inc. are among the 30 or so defendants that filed settlement paperwork to end Employee Retirement Income Security Act class actions in 2019.
The cumulative dollar value of these deals is much higher than the $291 million negotiated in 2018, but still shy of the $559 million agreed to in 2017.
About half of 2019’s settlements stemmed from lawsuits challenging the fees associated with ...
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