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MassMutual Settles Excessive Fee Lawsuit
The Lowenbaum Partnership and FRA PlanTools Link to more items from this source
Nov. 3, 2014
"The settlement agreement ... allows for two settlement classes to be approved: [1] the Monetary Relief Class and [2] the Structural Changes Class. The Monetary Relief Class covers current and past retirements plan customers of MassMutual, while the Structural Changes Class covers current and future retirement plan customers of MassMutual.... [T]he lawsuit brought by MassMutual's own employees is not affected by this lawsuit[.]" [Goldenstar, Inc. v. MassMutual Life Ins. Co., No. 11-cv-30235-MGM (D. Mass., settlement agreements part 1 and part 2 filed Oct. 31, 2014)]

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