Federal Judge Certifies Class In Dispute Over Monthly Deduction Rate Increase

Mealey's (December 20, 2017, 2:46 PM EST) -- LOS ANGELES — A California federal judge on Dec. 11 granted policy holders’ motion for class certification, appointment of class representatives and appointment of class counsel in their lawsuit challenging a life insurer’s increase of its monthly deduction rate (MDR) (Gordon Feller, et al. v. Transamerica Life Insurance Company, No. 16-1378, C.D. Calif., 2017 U.S. Dist. LEXIS 206822)....