Pennsylvania Federal Judge Denies Stay In Life Insurance Payment Suit

(March 20, 2018, 1:46 PM EDT) -- PHILADELPHIA — A Pennsylvania federal judge on March 12 declined to stay proceedings pending an interlocutory appeal in a class lawsuit accusing Prudential Insurance Company of America of breaching its fiduciary duty, ruling that a recent denial of leave to amend in a similar case by the 11th Circuit U.S. Court of Appeals “suggests that Prudential will not succeed on the merits before the Third Circuit” (Clark R. Huffman, et al. v. The Prudential Insurance Company of America, No. 10-5135, E.D. Pa., 2018 U.S. Dist. LEXIS 41356)....