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Third Circuit Upholds Dismissal of ERISA Claims Over Allocation of Drug Rebates
NFP 
Oct. 10, 2024 "The Third Circuit found that the plaintiffs, who were former MetLife employees, had failed to allege the necessary financial harm to establish standing ... The plan document terms expressly stated that the rebates would be applied to plan expenses ... The plaintiffs alleged that MetLife's misappropriation of plan funds caused participants to pay higher out-of-pocket (OOP) costs, primarily in the form of premiums[.]" [Knudsen v. MetLife Grp., Inc., No. 23-2420 (3d Cir. Sep. 25, 2024)] MORE >> |
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