MetLife Beats Workers’ Suit Over $65 Million in Drug Rebates

A lawsuit accusing a MetLife Inc. unit of mismanaging its workers’ health plan by pocketing $65 million in drug rebates fell flat when a federal judge said the plan participants weren’t injured by this conduct.

Former MetLife employees Marla Knudsen and William Dutra received the benefits they were promised under their health plan and don’t have a legal right to the general pool of plan assets, Judge William J. Martini of the US District Court for the District of New Jersey said Tuesday. They lack standing to challenge MetLife’s handling of these drug rebates because the company’s conduct caused them ...