MassMutual Settles Class Suit Over Unreleased Dividends For $37.5 Million

(November 10, 2017, 12:07 PM EST) -- BOSTON — A Massachusetts federal judge on Nov. 8 granted final approval to a $37.5 million settlement to be paid by Massachusetts Mutual Life Insurance Co. (MassMutual) to end a class complaint by policyholders alleging that the insurance company failed to fully distribute dividends (Karen L. Bacchi v. Massachusetts Mutual Life Insurance Company, No. 12-11280, D. Mass., 2017 U.S. Dist. LEXIS 184926)....

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